CSS :: International Economic Organisations

1.  When did the international Monetary Fund (IMF) begin its operations?
A. 1945 B. 1946
C. 1947 D. 1948

2.  What is the present total number of members of the IMF?
A. 135 B. 142
C. 148 D. 155

3.  Where are the headquarters of the IMF?
A. Paris B. Geneva
C. New York D. Washington, DC

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?
A. 2% B. 1.50%
C. 1% D. 0.50%

5.  When was the first amendment to the Articles of the IMF made which led to the creation of the Special Drawing Rights (SDR) facility?
A. 1969 B. 1971
C. 1975 D. 1978

6.  Which one of the following is not a function of the IMF?
A. The promote international monetary cooperation B. To promote exchange stability
C. To promote a multilateral trading system D. To promote the development of backward countries

7.  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?
A. 1962 B. 1964
C. 1966 D. 1968

8.  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:
A. Needs B. Share in world trade
C. Quotas in the IMF D. Balance of payments deficits

9.  Which of the following currencies is at present not included in the valuation of the SDRs?
A. Pound sterling B. Yen
C. Mark D. Dinar

10.  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?
A. 16 B. 14
C. 12 D. 10

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