The primary goal of the World Bank is to:
a) Regulate global trade
b) Provide financial aid for development projects
c) Control exchange rates
d) Manage global stock markets
The main function of the International Monetary Fund (IMF) is to:
a) Reduce poverty through long-term projects
b) Provide short-term financial assistance to countries
c) Manage global stock exchanges
d) Monitor environmental policies
Which of the following is a major criticism of IMF policies?
a) They prioritize economic stability over social welfare
b) They ignore global trade regulations
c) They only fund military projects
d) They do not provide loans to any country
Which of the following institutions is responsible for promoting global monetary cooperation?
a) World Bank
b) International Monetary Fund (IMF)
c) World Trade Organization (WTO)
d) Organization of Petroleum Exporting Countries (OPEC)
The World Bank mainly provides financial assistance to:
a) High-income countries
b) Developing and underdeveloped countries
c) Multinational corporations
d) Central banks
Which policy tool is commonly used by the IMF?
a) Structural Adjustment Programs (SAPs)
b) Greenhouse gas regulations
c) Military aid packages
d) Trade embargoes
The IMF provides financial assistance to countries facing:
a) Political instability
b) Balance of payments crises
c) Trade surpluses
d) Environmental challenges
The World Bank’s International Development Association (IDA) offers:
a) High-interest loans
b) Grants and low-interest loans
c) Military funding
d) Private sector investments
Which condition is often attached to IMF loans?
a) Trade liberalization
b) Mandatory military alliances
c) Immigration restrictions
d) Space exploration agreements
Which country has the largest voting power in the IMF?
a) China
b) United States
c) India
d) Brazil
The headquarters of the World Bank is located in:
a) New York
b) Washington, D.C.
c) London
d) Geneva
Which of the following is NOT a major function of the IMF?
a) Stabilizing exchange rates
b) Providing short-term financial aid
c) Managing foreign direct investment (FDI)
d) Monitoring global economic policies
Which organization helps countries develop infrastructure projects?
a) World Bank
b) IMF
c) NATO
d) European Union
Which of the following is a common criticism of World Bank projects?
a) They increase national debt
b) They are too focused on military spending
c) They exclude developing countries
d) They never involve environmental policies
The IMF helps countries facing currency crises by:
a) Imposing trade sanctions
b) Providing financial support and policy advice
c) Reducing tax rates
d) Controlling interest rates
Which branch of the World Bank provides loans to middle-income countries?
a) International Development Association (IDA)
b) International Bank for Reconstruction and Development (IBRD)
c) IMF
d) WTO
Which policy is often required by the IMF for loan approval?
a) Privatization of state-owned enterprises
b) Increase in military spending
c) Complete removal of income tax
d) Ban on foreign investments
The World Bank’s main goal in lending to countries is to:
a) Promote economic development and reduce poverty
b) Control global financial markets
c) Regulate international trade
d) Promote private sector dominance
Which of the following is a major source of IMF funding?
a) Member countries’ contributions
b) Donations from private companies
c) Cryptocurrency investments
d) Revenue from oil exports
Which institution was created first?
a) World Bank
b) IMF
c) WTO
d) United Nations
Which economic policy does the IMF usually recommend to borrowing countries?
a) Austerity measures
b) Increasing tariffs
c) Expanding subsidies
d) Nationalizing industries
Which global event led to the creation of the IMF and World Bank?
a) Great Depression
b) World War II
c) Cold War
d) Oil Crisis of 1973
Which of the following is NOT a part of the World Bank Group?
a) International Finance Corporation (IFC)
b) International Development Association (IDA)
c) World Trade Organization (WTO)
d) International Bank for Reconstruction and Development (IBRD)
What is a key requirement for a country to become a member of the IMF?
a) Contributing a financial quota
b) Possessing nuclear weapons
c) Having a free-market economy
d) Implementing universal healthcare
Which policy is often associated with the IMF’s Structural Adjustment Programs?
a) Deregulation of markets
b) Expansion of welfare programs
c) Increased military funding
d) Reducing inflation controls
Which of the following is a long-term effect of World Bank-funded projects?
a) Infrastructure development
b) Immediate trade surplus
c) Currency depreciation
d) Stock market regulation
Which organization collaborates with the World Bank to support global trade?
a) World Trade Organization (WTO)
b) NATO
c) OPEC
d) European Union
What is the main benefit of a country taking an IMF loan?
a) Short-term financial stability
b) Elimination of national debt
c) Higher employment rates
d) Automatic trade surplus
