R4RIN – MCQs, Mock Tests | Economics Economics International Economic Organisations

When did the international Monetary Fund (IMF) begin its operations?

1. 1945
2. 1946
3. 1947
4. 1948

✅ Correct Answer: 2

What is the present total number of members of the IMF?

1. 135
2. 142
3. 148
4. 155

✅ Correct Answer: 4

Where are the headquarters of the IMF?

1. Paris
2. Geneva
3. New York
4. Washington D C

✅ Correct Answer: 4

What rate of interest does the IMF charge for providing additional confessional balance of payments assistance under the structural adjustment facility to low income countries?

1. 2%
2. 1.50%
3. 1%
4. 0.50%

✅ Correct Answer: 4

When was the first amendment to the Articles of the IMF made which led to the creation of the Special Drawing Rights (SDR) facility?

1. 1969
2. 1971
3. 1975
4. 1978

✅ Correct Answer: 1

Which one of the following is not a function of the IMF?

1. The promote international monetary cooperation
2. To promote exchange stability
3. To promote a multilateral trading system
4. To promote the development of backward countries

✅ Correct Answer: 4

The IMF institute conducts courses covering a wide spectrum of subjects in financial analysis and policy making for officials from member in Washington. When was it established?

1. 1962
2. 1964
3. 1966
4. 1968

✅ Correct Answer: 2

The IMF approves the creation of a given amount of new SDRs. These SDRs are distributed among the participating countries on the basis of their:

1. Needs
2. Share in world trade
3. Quotas in the IMF
4. Balance of payments deficits

✅ Correct Answer: 3

Which of the following currencies is at present not included in the valuation of the SDRs?

1. Pound sterling
2. Yen
3. Mark
4. Dinar

✅ Correct Answer: 4

In 1974 the IMF changed the basis of valuation of the SDR by calculating the value of the SDR from a basket of currencies of several major countries. What was the number of currencies included in the valuation of the SDR in 1974?

1. 16
2. 14
3. 12
4. 10

✅ Correct Answer: 1

Where are the headquarters of the International Labour Organisation (ILO)?

1. Rome
2. Geneva
3. London
4. New York

✅ Correct Answer: 2

When was the ILO established as an autonomous part of the League of Nations?

1. 1918
2. 1919
3. 1920
4. 1921

✅ Correct Answer: 2

In which year was the ILO awarded the Nobel Peace Prize?

1. 1965
2. 1969
3. 1973
4. 1977

✅ Correct Answer: 2

Which is the oldest organisation among the four?

1. ILO
2. FAO
3. WHO
4. IMF

✅ Correct Answer: 1

What was the total number of member countries of the Colombo Plan for Cooperative Economic Development in South and South-East Asia which was set up in 1950?

1. Seven
2. Fifteen
3. Twenty
4. Twenty six

✅ Correct Answer: 4

One of the following countries was not a member country of the Colombo Plan. Identify it:

1. India
2. Iran
3. USA
4. France

✅ Correct Answer: 4

In which month of 1945 was the Food and Agriculture Organisation (FAO) set up?

1. August
2. September
3. October
4. November

✅ Correct Answer: 3

In 1951 the FAO was transferred from its temporary headquarters in Washington DC to:

1. Rome
2. New York
3. Ottawa
4. Geneva

✅ Correct Answer: 1

The FAO come into formal being in 1945 with the signing of its constitution at a converence held in:

1. Washington DC
2. Virginia
3. Quebec City
4. New York

✅ Correct Answer: 3

An affiliate of the World Bank the International Finance Corporation (IFC) became effective in:

1. 1956
2. 1960
3. 1962
4. 1964

✅ Correct Answer: 1

The International Bank for Reconstruction and Development (IBRD) known as World Bank began its operations in:

1. 1944
2. 1945
3. 1946
4. 1947

✅ Correct Answer: 3

The main function of the World Bank is to:

1. Encourage capital investment for the reconstruction and development of its member countries
2. Grant long-term loans at little or no interest for projects in developing countries
3. Reduce trade barriers and establish rules of free trade
4. Facilitate poor countries to trade at concessional rates

✅ Correct Answer: 1

At what rate of interest does the World Bank provide loan to underdeveloped countries?

1. 7.50%
2. 6.50%
3. 5.50%
4. 4.50%

✅ Correct Answer: 3

The World Bank normally gives:

1. Short-term loans
2. Medium-term loans
3. Long-term loans
4. Medium and long-term Loans

✅ Correct Answer: 4

In which of the following ways does the World Bank give loans to members?

1. By granting or participating in direct loans out of its own funds
2. By granting loans out of funds raised in the market
3. By guaranteeing loans made by private investors through investment channels
4. All of the above

✅ Correct Answer: 4

How many governments have contributed to the capital of the World Bank?

1. 144
2. 150
3. 154
4. 158

✅ Correct Answer: 3

An affiliate of the World Bank the International Development Association (IDA) was set up in:

1. 1950
2. 1956
3. 1960
4. 1962

✅ Correct Answer: 3

Where are the headquarters of the IDA?

1. Washington DC
2. London
3. Geneva
4. New York

✅ Correct Answer: 1

The IDA gives development credits to the developing countries for a period of at least:

1. 10 years
2. 15 years
3. 20 years
4. 25 years

✅ Correct Answer: 2

How many lending nations formed the Aid India Club to help India out of her foreign exchange difficulties?

1. 14
2. 12
3. 10
4. 8

✅ Correct Answer: 2

Which of the following does not match?

1. Food and Agricultural Organisation - Rome
2. International Monetary Fund - Washingon DC
3. United Nations Fund for Population Activities - New York
4. International Fund for Agriculaural Development Geneva

✅ Correct Answer: 4

The main function of the IFC is to:

1. Make special efforts to promote international trade
2. Encourage the growth of productive private enterprises in less developed member countries
3. Assist those countries with an annual per capital gross national product of less than $520
4. Promote foreign investment

✅ Correct Answer: 2

Which financial institution is known as the soft loan window from which underdeveloped countries can borrow in hard currencies?

1. IBRD
2. IFC
3. IDA
4. IMF

✅ Correct Answer: 3

The main function of the IDA is to:

1. Achieve international cooperation in the field of economics
2. Make loans to less developed countries on flexible terms
3. Stabilize exchange rates
4. Promote foreign private investment by guarantees

✅ Correct Answer: 4

An international conference was held in Geneva in 1947 to consider matters relating to common trade and tariff policy which led to the establishment of the General Agreement on Tariffs and Trade (GATT) in the following year. How many countries attended this conference?

1. 19
2. 21
3. 23
4. 25

✅ Correct Answer: 3

Where are the headquarters of the General Agreement on Tariffs and Trade (GATT) organisation?

1. Geneva
2. Washington DC
3. London
4. Ottawa

✅ Correct Answer: 1

There have been a series of rounds of negotiations between the signatories of GATT designed to reduce trade barriers on a multilateral basis. The first round took place in 1947. Which round came to be known as Kennedy Round?

1. Third
2. Fourth
3. Fifth
4. Sixth

✅ Correct Answer: 4

When was the Uruguay Round of multilateral trade negotiations under the GATT launched?

1. January. 1986
2. June. 1986
3. September. 1986
4. December. 1986

✅ Correct Answer: 3

Including the Uruguay Round how many multilateral trade negotiations have been held in the GATT to far?

1. Nine
2. Eight
3. Seven
4. Six

✅ Correct Answer: 2

The headquarters of the World Health Organisation are located at:

1. Paris
2. London
3. Geneva
4. New York

✅ Correct Answer: 3

When was the World Health Organisation (WHO) set up?

1. 1945
2. 1946
3. 1947
4. 1948

✅ Correct Answer: 4

Where are the headquarters of the United Nations Fund for Population Activities located?

1. Geneva
2. New York
3. London
4. Paris

✅ Correct Answer: 2

When was the United Nations Fund for Population Activities set up?

1. 1967
2. 1969
3. 1971
4. 1973

✅ Correct Answer: 1

Where is the central secretarial of the Association of South-East Asian Nations (ASEAN) locted?

1. Jakarta
2. Kuala Lumpur
3. Manila
4. Bangkok

✅ Correct Answer: 1

The aim of the ASEAN is to accelerate economic and social progress and maintain stability in the region. When was it formed?

1. 1965
2. 1966
3. 1967
4. 1968

✅ Correct Answer: 3

How many countries are members of the ASEAN?

1. Five
2. Six
3. Seven
4. Eight

✅ Correct Answer: 2

The International Fund for Agricultural Development is a one billion dollar fund used for raising food production in developing countries and providing employment to poor and landless farmers. What proportion of this fund has been contributed by industrialized nations?

1. 40%
2. 50%
3. 60%
4. 70%

✅ Correct Answer: 3

When was the International Fund for Agricultural Development set up?

1. 1977
2. 1975
3. 1973
4. 1971

✅ Correct Answer: 1

The International Fund for Agricultural Development has its headquarters in:

1. London
2. Rome
3. Geneva
4. New York

✅ Correct Answer: 2

When was the Council of Europe which aims to protect and promote economic and social progress of its members set up?

1. 1948
2. 1949
3. 1950
4. 1951

✅ Correct Answer: 2

Where are the headquarters of the Council of Europe?

1. Vienna
2. Strasbourg
3. Bonn
4. Luxembourg

✅ Correct Answer: 2

Two organisations were conceived at the Breton Woods conference held in 1944. One was the IBRD. Which was the other?

1. FAO
2. GATT
3. IMF
4. IDA

✅ Correct Answer: 3

Where are the headquarters of the United Nations Industrial Development Organisation (UNIDO)?

1. Vienna
2. Geneva
3. Ottawa
4. Washington DC

✅ Correct Answer: 1

When was the Organisation of Economic Cooperation and Development (OECD) formed?

1. 1948
2. 1953
3. 1958
4. 1961

✅ Correct Answer: 4

The headquarters of OECD are located at:

1. Paris
2. Vienna
3. Brussels
4. New York

✅ Correct Answer: 1

Where are the headquarters of the European Economic Community?

1. Paris
2. Brussels
3. Copenhagen
4. London

✅ Correct Answer: 2

How many countries are the members of the European Economic Community (EEC)?

1. 12
2. 10
3. 8
4. 6

✅ Correct Answer: 1

Identify one of the new members of the European Economic Community?

1. Spain
2. France
3. Great Britain
4. Denmark

✅ Correct Answer: 1

In which year did the Eropean Economic Community (EEC) popularly known as the European Common Market (ECM) come into existence?

1. 1956
2. 1958
3. 1960
4. 1962

✅ Correct Answer: 2