UPSC Prelims Practice Questions — War to cast shadow over IMF, World Bank meets

Question 1

How many nations participated in the 1944 United Nations Monetary and Financial (Bretton Woods) Conference that established the IMF and the World Bank?

Accepted Answer

44

Answer

29

Answer

51

Answer

189

Question 2

Which one of the following is the IMF's flagship publication that presents its staff's analysis and projections of global economic developments and is released twice a year, in April and October?

Accepted Answer

World Economic Outlook

Answer

Global Financial Stability Report

Answer

Fiscal Monitor

Answer

Global Economic Prospects

Question 3

Under its Articles of Agreement, the IMF's Board of Governors is required to conduct a general review of members' quotas at least once in how many years?

Accepted Answer

Every five years

Answer

Every two years

Answer

Every three years

Answer

Every ten years

Question 4

Which one of the following institutions of the World Bank Group is specifically mandated to provide grants and interest-free or low-interest credits to the world's poorest countries?

Accepted Answer

International Development Association (IDA)

Answer

International Bank for Reconstruction and Development (IBRD)

Answer

International Finance Corporation (IFC)

Answer

Multilateral Investment Guarantee Agency (MIGA)

Question 5

In the context of the IMF-World Bank Spring and Annual Meetings, the 'Development Committee' is best described as which one of the following?

Accepted Answer

A joint ministerial committee of the Boards of Governors of the World Bank and the IMF that advises on the transfer of real resources to developing countries

Answer

A standing executive organ of the World Bank that formally approves all project loans to member countries

Answer

A committee of central bank governors that coordinates global benchmark interest rates

Answer

A United Nations body that administers grant aid exclusively to least-developed countries

Question 6

The International Monetary and Financial Committee (IMFC), which advises the IMF Board of Governors at the Spring and Annual Meetings, is currently chaired by the finance minister of which one of the following countries?

Accepted Answer

Saudi Arabia

Answer

United States

Answer

France

Answer

India

UPSC Prelims Practice Questions — War to cast shadow over IMF, World Bank meets

Q1. How many nations participated in the 1944 United Nations Monetary and Financial (Bretton Woods) Conference that established the IMF and the World Bank?

Q2. Which one of the following is the IMF's flagship publication that presents its staff's analysis and projections of global economic developments and is released twice a year, in April and October?

Q3. Under its Articles of Agreement, the IMF's Board of Governors is required to conduct a general review of members' quotas at least once in how many years?

Q4. Which one of the following institutions of the World Bank Group is specifically mandated to provide grants and interest-free or low-interest credits to the world's poorest countries?

Q5. In the context of the IMF-World Bank Spring and Annual Meetings, the 'Development Committee' is best described as which one of the following?

Q6. The International Monetary and Financial Committee (IMFC), which advises the IMF Board of Governors at the Spring and Annual Meetings, is currently chaired by the finance minister of which one of the following countries?