Q . INTERNATIONAL FINANCIAL INSTITUTION

“Rapid Financing Instrument” and “Rapid Credit Facility” are related to the provisions of lending by which one of the following?

a) Asian Development Bank
b) International Monetary Fund
c) United Nations Environment Programme Finance Initiative
d) World Bank
Answer: b
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Q . INTERNATIONAL FINANCIAL INSTITUTION

The term ‘West Texas Intermediate’, sometimes found in news, refers to a grade of

a) Crude oil
b) Bullion
c) Rare earth elements
d) Uranium
Answer: a
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Q . INTERNATIONAL FINANCIAL INSTITUTION

“Gold Tranche” (Reserve Tranche) refers to

a) A loan system of the World Bank
b) One of the operations of a central bank
c) A credit system granted by WTO to its members
d) A credit system granted by IMF to its members
Answer: d
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Q . INTERNATIONAL FINANCIAL INSTITUTION

With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements: 1. AIIB has more than 80 member nations. 2. India is the largest shareholder in AIIB. 3. AIIB does not have any members from outside Asia. Which of the statements given above is/are correct?

a) 1 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2 and 3
Answer: a
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Q . INTERNATIONAL FINANCIAL INSTITUTION

The Global Infrastructure Facility is a/an

a) ASEAN initiative to upgrade infrastructure in Asia and financed by credit from the Asian Development Bank.
b) World Bank collaboration that facilitates the preparation and structuring of complex infrastructure Public-Private Partnerships (PPPs) to enable mobilization of private sector and institutional investor capital.
c) Collaboration among the major banks of the world working with the OECD and focused on expanding infrastructure projects
d) UNCTAD funded initiative that seeks to finance and facilitate infrastructure development in the world.
Answer: b
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Q . INTERNATIONAL FINANCIAL INSTITUTION

With reference to ‘IFC Masala Bonds’, sometimes seen in the news, which of the statements given below is/are correct? 1. The International Finance Corporation, which offers these bonds, is an arm of the World Bank. 2. They are the rupee-denominated bonds and are a source of debt financing for the public and private sector. Select the correct answer using the code given below.

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer: c
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Q . INTERNATIONAL FINANCIAL INSTITUTION

Recently, which one of the following currencies has been proposed to be added to the basket of IMF’s SDR?

a) Rouble
b) Rand
c) Indian Rupee
d) Renminbi
Answer: a
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Q . INTERNATIONAL FINANCIAL INSTITUTION

Consider the following statements: 1. New Development Bank has been set up by APEC. 2. The headquarters of NDB is in Shanghai. Which of the statements is/are correct?

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer: b
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Q . INTERNATIONAL FINANCIAL INSTITUTION

With reference to the International Monetary and Financial Committee (IMFC), consider the following statements: 1. IMFC discusses matters affecting global economy and advises IMF. 2. World Bank participates as observer in IMFC meetings. Which is/are correct?

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer: c
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Q . INTERNATIONAL FINANCIAL INSTITUTION

'European Stability Mechanism', sometimes seen in the news, is an:

a) agency created by EU to deal with the impact of millions of refugees arriving from Middle East
b) agency of EU that provides financial assistance to eurozone countries
c) agency of EU to deal with all the bilateral and multilateral agreements on trade
d) agency of EU to deal with the conflicts arising among the member countries
Answer: b
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Q . INTERNATIONAL FINANCIAL INSTITUTION

The problem of international liquidity is related to the non-availability of:

a) goods and services
b) gold and silver
c) dollars and other hard currencies
d) exportable surplus
Answer: c
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Q . INTERNATIONAL FINANCIAL INSTITUTION

With reference to Balance of Payments, which of the following constitutes the Current Account? 1. Balance of trade 2. Foreign assets 3. Balance of invisibles 4. Special Drawing Rights. Select correct answer:

a) 1 only
b) 2 and 3
c) 1 and 3
d) 1, 2 and 4
Answer: c
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Q . INTERNATIONAL FINANCIAL INSTITUTION

Which one of the following groups of items is included in India’s foreign-exchange reserves?

a) Foreign-currency assets, Special Drawing Rights (SDRs) and loans from foreign countries
b) Foreign-currency assets, gold holdings of the RBI and SDRs
c) Foreign-currency assets, loans from the World Bank and SDRs
d) Foreign-currency assets, gold holdings of the RBI and loans from the World Bank
Answer: b
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Q . INTERNATIONAL FINANCIAL INSTITUTION

Regarding the International Monetary Fund, which one of the following statements is correct?

a) It can grant loans to any country
b) It can grant loans to only developed countries
c) It grants loans to only member countries
d) It can grant loans to the central bank of a country
Answer: d
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Q . INTERNATIONAL FINANCIAL INSTITUTION

How is the United Nations Monetary and Financial Conference wherein the agreements were signed to set up IBRD, GATT and IMF, commonly known?

a) Bandung Conference
b) Bretton Woods Conference
c) Versailles Conference
d) Yalta Conference
Answer: b
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Q . INTERNATIONAL FINANCIAL INSTITUTION

Who among the following served as the Chief Economist of the International Monetary Fund?

a) Ashok Lahiri
b) Sumantra Ghoshal
c) Saumitra Chaudhuri
d) Raghuram Rajan
Answer: d
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Q . INTERNATIONAL FINANCIAL INSTITUTION

Consider the following statements: 1. Poverty Reduction and Growth Facility (PRGF) has been established by the International Development Association (IDA) to provide further assistance to low-income countries facing high level of indebtedness. 2. Singapore Regional Training Institute is one of the institutes that provides training in macroeconomic analysis and policy, and related subjects as a part of programme of the IMF Institute. Which of the statements given above is/are correct?

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer: b
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Q . INTERNATIONAL FINANCIAL INSTITUTION

Consider the following organizations: 1. International Bank of Reconstruction and Development 2. International Finance Corporation 3. International Fund for Agricultural Development 4. International Monetary Fund Which of these are agencies of the United Nations?

a) 1 and 2
b) 2 and 3
c) 3 and 4
d) 1, 2, 3 and 4
Answer: d
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Q . INTERNATIONAL FINANCIAL INSTITUTION

Resurgent India Bonds were issued in US dollar, Pound, Sterling and

a) Japanese Yen
b) Deutsche Mark
c) Euro
d) French Franc
Answer: b
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Q . INTERNATIONAL FINANCIAL INSTITUTION

Which one of the following is correct? Dinar/New Dinar is the currency of

a) Sudan
b) Yugoslavia
c) UAE
d) Tunisia
Answer: b
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Q . INTERNATIONAL FINANCIAL INSTITUTION

Match List-I with List-II and select the correct answer using the code given below the lists: List-I: A. WTO B. IDA C. IMF D. IBRD List-II: 1. Provides loans to address short term balance of payment problems 2. Multi-lateral trade negotiation body 3. Sanction of soft loans 4. Facilitating lending and borrowing for reconstruction and development Codes: A B C D

a) 2 3 4 1
b) 2 3 1 4
c) 3 2 4 1
d) 3 2 1 4
Answer: b
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Q . INTERNATIONAL FINANCIAL INSTITUTION

The currency of the proposed European Monetary Union will be

a) Dollar
b) Euro
c) Guilder
d) Mark
Answer: b
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Q . INTERNATIONAL FINANCIAL INSTITUTION

Which of the following pairs are correctly matched: 1. Dow Jones : New York 2. Hang-Seng : Seoul 3. FTSE-100 : London Select the correct answer using the codes given below:

a) 1, 2 and 3
b) 2 and 3
c) 1 and 2
d) 1 and 3
Answer: d
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Q . INTERNATIONAL FINANCIAL INSTITUTION

Which one of the following is the correct sequence of decreasing order of the given currencies in terms of their value in Indian Rupees?

a) US dollar, Canadian dollar, New Zealand dollar, Hong Kong dollar
b) US dollar, New Zealand dollar, Canadian dollar, Hong Kong dollar
c) US dollar, Hong Kong dollar, New Zealand dollar, Canadian dollar
d) US dollar, Hong Kong dollar, Canadian dollar, New Zealand dollar
Answer: a
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Q . INTERNATIONAL FINANCIAL INSTITUTION

Which one of the following is the correct sequence of decreasing order of the given currencies in terms of their value in Indian Rupees?

a) US dollar, Canadian dollar, New Zealand dollar, Hong Kong dollar
b) US dollar, New Zealand dollar, Canadian dollar, Hong Kong dollar
c) US dollar, Hong Kong dollar, Canadian dollar, New Zealand dollar
d) Hong Kong dollar, US dollar, New Zealand dollar, Canadian Dollar
Answer: a
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Q . INTERNATIONAL FINANCIAL INSTITUTION

Consider the following statements: Most international agencies which fund Development Programme in India on intergovernmental bilateral agreements, mainly provide: 1. Technical assistance 2. Soft loans which are required to be paid back with interest 3. Grants, not required to be paid back 4. Food assistance to be paid back

a) 2 and 4 are correct
b) 1, 2 and 3 are correct
c) 1, 2 and 4 are correct
d) 3 and 4 are correct
Answer: b
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Q . INTERNATIONAL FINANCIAL INSTITUTION

Which of the following constitute the World Bank? 1. International Bank for Reconstruction and Development 2. International Finance Corporation 3. International Development Association 4. International Monetary Fund Codes:

a) 1, 2 and 3
b) 1 and 2
c) 3 and 4
d) 1, 2, 3 and 4
Answer: a
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Q . INTERNATIONAL FINANCIAL INSTITUTION

The main function of the I.M.F. is to

a) arrange international deposits from banks
b) help to solve balance of payments problems of member countries
c) act as a private sector lending arm of the World Bank
d) finance investment to developing countries
Answer: b
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Q . INTERNATIONAL FINANCIAL INSTITUTION

Which one of the following types of borrowings from the IMF has the softest servicing conditions?

a) Second tranche loan
b) SAF
c) ESAF
d) Oil Facility
Answer: a
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Q . INTERNATIONAL FINANCIAL INSTITUTION

A common currency for the members of the Common Market in Europe is known as

a) Dollar
b) Euro dollar
c) Franc
d) Pound
Answer: b
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