Question 1

A deficit BOP exists, when -----------------&#10;A)Receipts> payments&#10;B)Receipts< payments&#10;C)Receipts= payments&#10;D)None of these

Accepted Answer

A deficit Balance of Payments (BOP) occurs when the total receipts from abroad are less than the total payments to abroad, indicating that the country is spending more on foreign trade than it is earning.

Question 2

IBRD is also known as ---------------&#10;A)Asian Bank&#10;B)Development Bank&#10;C)World Bank&#10;D)Investment Bank

Accepted Answer

The International Bank for Reconstruction and Development (IBRD) is better known as the World Bank.

Question 3

Bretton wood twins are ------------------&#10;A)IMF& world Bank&#10;B)IMF & ADB&#10;C)IBRD & IFC&#10;D)IDA & IFC

Accepted Answer

IBRD & IFC&#10;

Question 4

UNCTAD was constituted in -----------&#10;A)1961&#10;B)1962&#10;C)1963&#10;D)1964

Accepted Answer

UNCTAD (United Nations Conference on Trade and Development) was constituted in 1964 to promote the integration of developing countries into the world economy.

Question 5

WTO came into existence with a membership of ------------------&#10;A)124&#10;B)125&#10;C)121&#10;D)120

Accepted Answer

The answer of WTO came into existence with a membership...

Question 6

The Indian Currency code used in foreign exchange market is&#10;A)INR&#10;B)IDN&#10;C)IND&#10;D)IDA

Accepted Answer

The Indian Currency code used in the foreign exchange market is INR, which stands for Indian Rupee.

Question 7

--------------- takes into account only merchandize exports and imports&#10;A)BOP&#10;B)BOT&#10;C)TOB&#10;D)BTO

Accepted Answer

BOT (Balance of Trade) specifically refers to the difference between a country's exports and imports of goods, not including services, thus focusing solely on merchandise.

Question 8

Which is known as paper gold&#10;A)SRDs&#10;B)SDRs&#10;C)YEN&#10;D)DOLLAR

Accepted Answer

SDRs (Special Drawing Rights) are referred to as paper gold because they are an international type of monetary reserve currency created by the International Monetary Fund (IMF) to supplement its member countries' official reserves.

Question 9

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

Accepted Answer

Appreciation refers to the increase in the value of a currency relative to another currency in the foreign exchange market. This means that the currency can buy more foreign currency than before, indicating its strengthened position.

Question 10

Decrease in the value of a currency is known as -------------&#10;A)Depreciation&#10;B)Appreciation&#10;C)Overvaluation&#10;D)None of these

Accepted Answer

Depreciation refers to the decrease in the value of a currency relative to another currency in a floating exchange rate system. This can happen due to various factors such as inflation, changes in interest rates, or differences in economic performance between countries.

Question 11

IMF created buffer stock financing facility in -----------&#10;A)1959&#10;B)1969&#10;C)1979&#10;D)1989

Accepted Answer

The answer of IMF created buffer stock financing facility in...

Question 12

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

Accepted Answer

The answer of SDRs are popularly known as ------------------&#10;A)Gold&#10;B)Paper gold&#10;C)Paper...

Question 13

IDA was established in -------------&#10;A)1960&#10;B)1950&#10;C)1970&#10;D)1955

Accepted Answer

The answer of IDA was established in -------------&#10;A)1960&#10;B)1950&#10;C)1970&#10;D)1955...

Question 14

The President of IBRD is the head of ---------------&#10;A)ADB&#10;B)IDA&#10;C)EFTA&#10;D)None of these

Accepted Answer

The answer of The President of IBRD is the head...

Question 15

The membership of the IDA is open to all membership of -----------&#10;A)ADB&#10;B)IDBI&#10;C)ICICI&#10;D)IBRD

Accepted Answer

The answer of The membership of the IDA is open...

Question 16

Part I members of IDA are called -------------------&#10;A)G24 members&#10;B)G10 members&#10;C)G20 members&#10;D)None of these

Accepted Answer

The answer of Part I members of IDA are called...

Question 17

IFC was established in -------------&#10;A)1956&#10;B)1958&#10;C)1960&#10;D)none

Accepted Answer

The answer of IFC was established in -------------&#10;A)1956&#10;B)1958&#10;C)1960&#10;D)none...

Question 18

IDA loans are known as -------------&#10;A)IDA window&#10;B)IDA credits&#10;C)IDA loans&#10;D)None of these

Accepted Answer

The answer of IDA loans are known as -------------&#10;A)IDA window&#10;B)IDA...

Question 19

IDA grants loans to those projects which are not financed by -------&#10;A)IMF&#10;B)ADB&#10;C)IBRD&#10;D)ASEAN

Accepted Answer

The answer of IDA grants loans to those projects which...

Question 20

Which is the largest financial market in the world&#10;A)International Capital Market&#10;B)International financial market&#10;C)Foreign exchange market&#10;D)None of these

Accepted Answer

The answer of Which is the largest financial market in...

Question 21

FEMA is enacted by ---------&#10;A)Parliament of India&#10;B)Supreme Court of India&#10;C)RBI&#10;D)None of these

Accepted Answer

The answer of FEMA is enacted by ---------&#10;A)Parliament of India&#10;B)Supreme...

Question 22

The currency of Austria&#10;A)Euro&#10;B)Dollar&#10;C)Mark&#10;D)Pound

Accepted Answer

The answer of The currency of Austria&#10;A)Euro&#10;B)Dollar&#10;C)Mark&#10;D)Pound...

Question 23

Which monetary system is suitable for global economies&#10;A)Fixed&#10;B)Pegging&#10;C)Flexible&#10;D)None of these

Accepted Answer

The answer of Which monetary system is suitable for global...

Question 24

Smithsonian Agreement is for -----------------------&#10;A)Saving bretton wood system&#10;B)Saving gold standard&#10;C)Protect flexible system&#10;D)None of these

Accepted Answer

The answer of Smithsonian Agreement is for -----------------------&#10;A)Saving bretton wood...

Deck 3: International Finance and Trade