Which organization is responsible for providing short-term loans to countries facing balance of payments problems?
A) United Nations
B) World Bank
C) International Monetary Fund (IMF)
D) World Trade Organization
The World Bank primarily focuses on:
A) Promoting global peace
B) Facilitating trade agreements
C) Providing loans for development projects
D) Regulating international financial markets
Which of the following is a key function of the International Monetary Fund (IMF)?
A) Mediating international conflicts
B) Providing long-term development loans
C) Monitoring global economic stability
D) Managing international trade disputes
The World Bank Group consists of how many institutions?
A) 3
B) 5
C) 7
D) 10
Which country holds the largest voting share in the International Monetary Fund (IMF)?
A) United States
B) China
C) Japan
D) Germany
The IMF’s primary purpose is to:
A) Provide military support during conflicts
B) Lend to underdeveloped countries without conditions
C) Ensure the stability of the international monetary system
D) Supervise global trade agreements
Which of the following is NOT a lending facility of the IMF?
A) Stand-by Arrangements (SBAs)
B) Extended Fund Facility (EFF)
C) International Development Association (IDA)
D) Rapid Financing Instrument (RFI)
What is the International Development Association (IDA)?
A) A subsidiary of the IMF
B) A branch of the World Bank focusing on concessional loans for the poorest countries
C) A program for environmental protection
D) A peacekeeping initiative within the World Bank
Which of the following regions is NOT typically a focus for World Bank projects?
A) Sub-Saharan Africa
B) East Asia and Pacific
C) North America
D) Middle East and North Africa
Which of the following is the World Bank’s primary goal?
A) Managing global trade relations
B) Promoting global monetary policy
C) Reducing poverty and supporting development in underdeveloped countries
D) Preventing military conflicts
Which of the following is the largest institution in the World Bank Group?
A) International Finance Corporation (IFC)
B) International Bank for Reconstruction and Development (IBRD)
C) International Development Association (IDA)
D) Multilateral Investment Guarantee Agency (MIGA)
Which organization works with the IMF to provide loans to member countries in financial distress?
A) The World Bank
B) The United Nations Development Programme (UNDP)
C) The World Health Organization (WHO)
D) The European Union
The IMF’s Special Drawing Rights (SDR) are primarily used to:
A) Fund military operations
B) Buy international goods and services
C) Provide member countries with supplementary liquidity
D) Facilitate private investment in developing countries
What is the main criteria for a country to qualify for borrowing from the IMF?
A) The country must be a member of the UN
B) The country must have a stable military presence
C) The country must face balance of payments problems
D) The country must have a high GDP per capita
Which of the following is one of the primary criticisms of the IMF?
A) It provides unconditional financial aid to wealthy nations
B) Its financial assistance often comes with strict economic conditions that may harm social welfare
C) It has no effective governance structure
D) It mainly focuses on military assistance
What is the IMF’s role in managing the global economy?
A) To enforce international laws
B) To act as a lender of last resort to countries facing financial crises
C) To manage international trade agreements
D) To prevent the spread of nuclear weapons
Which financial institution is considered the World Bank’s “lending arm” for middle-income and creditworthy low-income countries?
A) International Finance Corporation (IFC)
B) International Bank for Reconstruction and Development (IBRD)
C) International Development Association (IDA)
D) Multilateral Investment Guarantee Agency (MIGA)
The IMF primarily engages with which aspect of a country’s economy?
A) Military expenditure
B) National security strategy
C) Financial stability and macroeconomic policy
D) Cultural policies
Which initiative of the World Bank focuses on providing grants and low-interest loans to the poorest countries?
A) International Development Association (IDA)
B) International Bank for Reconstruction and Development (IBRD)
C) Global Partnership for Education (GPE)
D) Climate Investment Funds (CIF)
The IMF was created in which year?
A) 1945
B) 1960
C) 1971
D) 1980
Which of the following is a key function of the World Bank?
A) Addressing environmental challenges on a global scale
B) Regulating currency exchange rates
C) Providing financial aid to governments for infrastructure projects
D) Managing global military conflicts
Which of the following represents the relationship between the IMF and the World Bank?
A) Both institutions have the same mission and operate jointly without distinction
B) The IMF provides long-term loans while the World Bank handles short-term loans
C) The IMF monitors global financial stability, while the World Bank focuses on development and poverty reduction
D) The IMF focuses only on rich countries, while the World Bank focuses solely on poor countries
Which of the following countries is NOT a member of the IMF?
A) United States
B) China
C) Switzerland
D) Taiwan
What does the World Bank use to determine whether a country qualifies for loans or financial aid?
A) Military strength
B) Political ideology
C) Economic and financial needs
D) Global standing in sports
What is a key goal of the IMF’s financial assistance to member countries?
A) To enhance the military capabilities of borrowing countries
B) To help countries restore economic stability and growth
C) To promote the cultural exchange between countries
D) To increase foreign direct investment in the country
The World Bank’s support for infrastructure projects typically targets which of the following?
A) Military defense projects
B) Educational programs for diplomats
C) Public infrastructure such as roads, hospitals, and schools
D) Space exploration missions
