The International Monetary Fund (IMF) is an intergovernmental association installed to stabilize the exchange rate in international trade. It helps member countries improve they are (BoP) through adequate liquidity in the international market, promoting increased global monetary cooperation. It is one of the Britton Woods Twins which came into existence in 1945. It is administered by 189 countries and these countries are also responsible for its actions. The International Monetary Fund (IMF) is an intergovernmental organization established to stabilize the exchange rate in international trade. It helps member countries improve their balance of payments (BoP) through adequate liquidity in the international market, promoting increased global monetary cooperation. It is one of the Britton Woods Twins which came into existence in 1945. It is administered by 188 countries and these countries are also responsible for its actions. Take This Trivia Quiz About International Monetary Fund.
1. Which countries are not involved in the International Monetary Fund?
A. Taiwan
B. Kosovo
C. Vatican City
D. All of above
2. This basket is re-evaluated every ______________ years?
A. 05 years
B. 10 years
C. 06 years
D. 01 years
3. Which country has taken the highest loan from the International Monetary Fund?
A. China
B. Pakistan
C. Bangladesh
D. Nepal
4. When was the International Monetary Fund issue loan firstly?
A. June 1955
B. June 1952
C. June 1945
D. June 1947
5. What is devaluating currency?
A. OwerLowering the power of your dollar
B. Reducing the amount of trade deficit
C. Increasing the power of your dollar
D. None of these
6. Which term of help provided by the IMF?
A. Long term
B. Short term
C. Both of above
D. None of above
7. Any new allocations must be voted on in the XDR Department of the IMF and pass with a ________% majority.
A. 90% majority
B. 85% majority
C. 75% majority
D. 50% majority
8. When was the International Monetary Fund established?
A. 24 Dec 1945
B. 26 Dec 1945
C. 27 Dec 1945
D. 28 Dec 1945
9. Which of the following statement is correct regarding the membership of the International Monetary Fund?
A. Currently its membership is 189
B. All member countries of the IMF are not sovereign states
C. Nauru is the latest member of the IMF
D. All of above
10. From July 1974 to December 1980, the XDR basket consisted of ___________ currencies.
A. 10 currencies
B. 16 currencies
C. 26 currencies
D. 46 currencies
11. The IMF calculates an interest rate in..
A. Monthly
B. Weekly
C. Yearly
D. Daily
12. Where is International Monetary Fund headquarter located?
A. Washington DC
B. Geneva
C. New York
D. Florida
13. Who is the Director-General of the International Monetary Fund?
A. Antonio Guterres
B. Christine Lagarde
C. Wilfried Lagarde
D. None of these
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