Question 1

GATT came into existence in ----------------&#10;A)1947&#10;B)1946&#10;C)1948&#10;D)1950

Accepted Answer

1948&#10;

Question 2

SDRs scheme was initiated in -------------------&#10;A)1950's&#10;B)1960's&#10;C)1970's&#10;D)1980's

Accepted Answer

1970's&#10;

Question 3

India is a member of -------------&#10;A)ADB&#10;B)IMF&#10;C)IBRD&#10;D)All the above

Accepted Answer

India is a member of the Asian Development Bank (ADB), the International Monetary Fund (IMF), and the International Bank for Reconstruction and Development (IBRD), making all the given options correct.

Question 4

Regional member of the Asian Development Bank is&#10;A)India&#10;B)UK&#10;C)Brazil&#10;D)South Africa

Accepted Answer

India is a regional member of the Asian Development Bank (ADB), which primarily includes countries from the Asia and Pacific region. The UK, Brazil, and South Africa are not part of this region and thus are not regional members of the ADB.

Question 5

GATT was changed to ---------------&#10;A)WTO&#10;B)IBRD&#10;C)ADB&#10;D)IMF

Accepted Answer

GATT (General Agreement on Tariffs and Trade) was transformed into the WTO (World Trade Organization) in 1995 to provide a broader and more robust framework for international trade.

Question 6

IMF started its functioning from&#10;A)1947&#10;B)1948&#10;C)1958&#10;D)1978

Accepted Answer

The International Monetary Fund (IMF) officially started its operations on March 1, 1947. This was after its initial conceptualization during the Bretton Woods Conference in July 1944, where member countries agreed on a framework for economic cooperation aimed at ensuring a stable and prosperous global economy.

Question 7

Which are known as Bretton Wood Twins?&#10;A)IMF&IFC&#10;B)IFC & IDA&#10;C)IMF & IBRD&#10;D)ADB & IDA

Accepted Answer

The Bretton Woods Twins refer to the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), which is the main component of the World Bank Group. These institutions were established as part of the Bretton Woods Agreement in 1944 to help rebuild the international economy after World War II.

Question 8

The headquarter of world Bank is at ------------------&#10;A)Washington DC&#10;B)Paris&#10;C)Geneva&#10;D)London

Accepted Answer

The World Bank's headquarters is located in Washington D.C., United States. This location serves as the central hub for its operations and administration.

Question 9

The equilibrium exchange rate is determined by ---------------&#10;A)Demand for currencies&#10;B)Supply of currencies&#10;C)Demand and Supply of currencies&#10;D)None of these

Accepted Answer

The equilibrium exchange rate in foreign exchange markets is determined by the intersection of the demand and supply curves for currencies. This reflects the price at which the quantity of currency demanded equals the quantity supplied.

Question 10

Determining the exchange rate at a higher level than prevailing in the foreign exchange market is known as ------------&#10;A)Pegging up&#10;B)Pegging down&#10;C)Undervaluation&#10;D)None of these

Accepted Answer

Pegging up refers to setting the exchange rate of a currency at a higher level than what would naturally occur in the foreign exchange market.

Question 11

FEMA is known as -------------&#10;A)FEMA 1999&#10;B)FEMA 2000&#10;C)FEMA 2001&#10;D)FEMA 1998

Accepted Answer

The answer of FEMA is known as -------------&#10;A)FEMA 1999&#10;B)FEMA 2000&#10;C)FEMA...

Question 12

According to PPP theory the exchange rate between two currencies are determined by their ------------&#10;A)Relative price level&#10;B)Relative interest level&#10;C)Relative income level&#10;D)None of these

Accepted Answer

The answer of According to PPP theory the exchange rate...

Question 13

In the exchange rate determination PPP theory considers --------&#10;A)Interest rates&#10;B)Inflation rates&#10;C)Spot transactions&#10;D)None of these

Accepted Answer

The answer of In the exchange rate determination PPP theory...

Question 14

The rate at which one currency is exchanged for another is known as ------------&#10;A)Exchange options&#10;B)Foreign exchange&#10;C)Exchange rate&#10;D)Futures

Accepted Answer

The answer of The rate at which one currency is...

Question 15

The objective of IDA is&#10;A)Increase production&#10;B)Stability in exchange rate&#10;C)Improve living conditions&#10;D)Increase income

Accepted Answer

The answer of The objective of IDA is&#10;A)Increase production&#10;B)Stability in...

Question 16

Smithsonian Agreement was signed in the year ---------&#10;A)1970&#10;B)1972&#10;C)1973&#10;D)1971

Accepted Answer

The answer of Smithsonian Agreement was signed in the year...

Question 17

The objective of IMF is&#10;A)Reduce Inequality&#10;B)Exchange rate stability&#10;C)Reduce poverty&#10;D)None of these

Accepted Answer

The answer of The objective of IMF is&#10;A)Reduce Inequality&#10;B)Exchange rate...

Question 18

SDRs are also known as -----------&#10;A)Currency&#10;B)Gold&#10;C)Paper gold&#10;D)None of these

Accepted Answer

The answer of SDRs are also known as -----------&#10;A)Currency&#10;B)Gold&#10;C)Paper gold&#10;D)None...

Question 19

The official decrease in the value of a currency is known as ---------&#10;A)Depreciation&#10;B)Devaluation&#10;C)Appreciation&#10;D)None of these

Accepted Answer

The answer of The official decrease in the value of...

Question 20

Globalised economics prefer------------&#10;A)Fixed System&#10;B)Pegging system&#10;C)Flexible system&#10;D)Bretton wood system

Accepted Answer

The answer of Globalised economics prefer------------&#10;A)Fixed System&#10;B)Pegging system&#10;C)Flexible system&#10;D)Bretton wood...

Question 21

Which is known as soft loan window of IBRD&#10;A)MIGA&#10;B)IFC&#10;C)IMF&#10;D)IDA

Accepted Answer

The answer of Which is known as soft loan window...

Question 22

Yen is the currency of ----------&#10;A)China&#10;B)Singapore&#10;C)Malaysia&#10;D)Japan

Accepted Answer

The answer of Yen is the currency of ----------&#10;A)China&#10;B)Singapore&#10;C)Malaysia&#10;D)Japan...

Deck 2: International Economic Organizations and Concepts