International Trade

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1. Consider the following statements and identify the right ones.
i. IMF came into existence as an outcome on Bretton Woods agreement
ii. France was the 1st country to borrow from IMF
a. I only
b. ii only
c. both
d. none
ANSWER: c. both
2. Consider the following statements and identify the right ones.
i. The executive board is the highest decision making body of IMF
ii. The Board of Governors meets twice a year.
a. I only
b. ii only
c. both
d. none
ANSWER: d. none
3. Consider the following statements and identify the right ones.
i. Executive board conducts the business of the IMF
ii. It meets once in a year
a. i only
b. ii only
c. both
d. none
ANSWER: a. I only
4. Consider the following statements and identify the right ones.
i. The day to day work of IMF is conducted by the board of governors
ii. Selected nations who are members of IMF are given a quota
a. i only
b. ii only
c. both
d. none
ANSWER: b. ii only
5. Consider the following statements and identify the right ones.
i. The quota does not decide voting power in IMF’s decisions
ii. Quota subscription constitutes most of the financial resources of IMF
a. i only
b. ii only
c. both
d. none
ANSWER: b. ii only
6. Consider the following statements and identify the right ones.
i. SDRs cannot voluntarily be exchanged among members for currencies
ii. US is the largest member of the IMF
a. I only
b. ii only
c. both
d. none
ANSWER: b. ii only
7. Which of the following is an institution of World Bank?
a. IBRD
b. IDA
c. IFC
d. All the above
ANSWER: d. All the above
8. Consider the following statements and identify the right ones.
i. Low income countries are eligible to receive low interest loans from IDA
ii. India is eligible for a blend of financial assistance from IDA and IBRD
a. I only
b. ii only
c. both
d. none
ANSWER: c. both
9. Which of the following is not an objective of World Bank?
a. To provide guarantee on private loans
b. To develop production facilities in underdeveloped countries
c. To rehabilitate war ruined economies
d. None of the above
ANSWER: d. None of the above
10. Which of the following is known as soft loan window of the World Bank?
a. IDA
b. IFC
c. IBRD
d. MIGA
ANSWER: a. IDA
11. The investment arm of the world bank is
a. IDA
b. IFC
c. IBRD
d. MIGA
ANSWER: b. IFC
12. The insurance arm of world bank is
a. IDA
b. IFC
c. IBRD
d. MIGA
ANSWER: d. MIGA
13. Consider the following statements and identify the right ones.
i. MIGA does not offers political risk insurance for projects to developing member countries
ii. MIGA also helps investors and lenders deal with investment risks
a. i only
b. ii only
c. both
d. none
ANSWER: b. ii only
14. Consider the following statements and identify the right ones.
i. IFC is governed by board of governors
ii. It mobilizes capital in international capital markets
a. i only
b. ii only
c. both
d. none
ANSWER: c. both
15. Consider the following statements and identify the right ones.
i. ICSID is a multilateral treaty formulated by executive directors of IBRD
ii. All the countries have deposited their instruments of ratification, acceptance of the convention.
a. I only
b. ii only
c. both
d. none
ANSWER: a. I only
16. Consider the following statements and identify the right ones.
i. The head of WTO is known as director general
ii. The WTO summit is held once in very year
a. I only
b. ii only
c. both
d. none
ANSWER: a. I only
17.Which of the following is a part of capital account?
a. Private capital
b. Banking capital
c. Official capital
d. All the above
ANSWER: d. All the above
18.Consider the following statements and identify the right ones.
i. A double entry system of record of all economic transactions between the residents of a country and rest of the world is called balance of trade
ii. All transactions related to goods, services or income are classified as capital account.
a. i only
b. ii only
c. both
d. none
ANSWER d
19.The investment in productive assets and participation in management as stake holders in business enterprises is
a. FDI
b. FII
c. Balance of payment
d. SDR
Answer a
20.The portfolio investment by foreign institutional investors is called
a. FDI
b. FII
c. Balance of payment
d. SDR
Answer b
21. Consider the following statements and identify the right ones.
i. India adopted LERMS in 1992
ii. In 1993, dual exchange rate system was replaced by a unified floating exchange rate.
a. i only
b. ii only
c. both
d. none
Answer C




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