MCQs Quiz about the International Monetary Fund (IMF) with Answers

1. At UN Monetary and Financial Conference held in 1944 at Bretton Woods, World Bank was established alongwith another organization. Name the said organization?

(a) International Labour Organization
(b) Food and Agricultural Organization
(c) International Monetary Fund
(d) World Health Organization

2. When was IMF established?
(a) 1945
(b) 1944
(c) 1946
(d) 1947

3. How many countries are the members of IMF?
(a) 188
(b) 180
(c) 196
(d) 192

4. On joining IMF, each member is assigned a quota in special drawing rights (SDRs) Corresponding to its _______?
(a) Relative position in the world economy
(b) Relative position in the world politics
(c) Relative position in the world nuclear forum
(d) None of them

5. Which country has the largest quota which was about Special Drawing Rights (SDR) 42 billion dollars in 2011?
(a) Russia
(b) China
(c) Germany
(d) The USA

6. What determines how large a vote a member will have in IMF deliberations or how much foreign exchange it may withdraw from the funds?

(a) Size of its population
(b) Amount of quota subscription
(c) Level of its poverty
(d) Amount of quota demanded

7. What is the maximum period of a member country which use the foreign exchange extended by IMF to extricate itself from its balance of payments problems?

(a) 10 years
(b) 7 years
(c) 5 years
(d) 3 years

8. What qualifies a member to apply for the fund from IMF?

(a) Long-term Industrial Projects
(b) A Viable Industrial Project
(c) Temporary Balance of Payment Problems
(d) None of them

9. IMF has its headquarters in _________?

(a) Geneva
(b) Washington DC
(c) London
(d) New York

10. Who is the current IMF Managing Director?

(a) Gordon Tullock
(b) Olivier Blanchard
(c) Dominique Strauss-Kehn
(d) Christine Lagarde

11. The Economies of the developing nations are monitored by ________?
(a) ILO
(b) WTO
(c) IMF
(d) WB