Back
0

International Monetary Fund (IMF)

Description: This quiz aims to test your understanding of the International Monetary Fund (IMF), its functions, and its role in the global economy.
Number of Questions: 10
Created by:
Tags: economics international monetary system international monetary fund (imf)
Start the Quiz
Attempted 0/10 Correct 0 Score 0
‹
›

What is the primary objective of the International Monetary Fund (IMF)?

  1. To promote international monetary cooperation

  2. To facilitate international trade

  3. To provide financial assistance to developing countries

  4. To regulate the global financial system

Show answer
Correct Option: A
Explanation:

The IMF's primary objective is to promote international monetary cooperation, which includes facilitating the expansion and balanced growth of international trade, promoting exchange rate stability, and providing financial assistance to member countries.

When was the IMF established?

  1. 1944

  2. 1945

  3. 1946

  4. 1947

Show answer
Correct Option: A
Explanation:

The IMF was established in 1944 at the Bretton Woods Conference in New Hampshire, United States.

Which country has the largest quota in the IMF?

  1. United States

  2. China

  3. Japan

  4. Germany

Show answer
Correct Option: A
Explanation:

The United States has the largest quota in the IMF, followed by China, Japan, and Germany.

What is the IMF's Special Drawing Rights (SDR)?

  1. A reserve asset created by the IMF

  2. A unit of account used by the IMF

  3. A lending facility provided by the IMF

  4. A type of currency used by IMF member countries

Show answer
Correct Option: A
Explanation:

The SDR is a reserve asset created by the IMF to supplement the official reserves of member countries.

What is the IMF's Extended Fund Facility (EFF)?

  1. A lending facility for countries facing balance of payments problems

  2. A lending facility for countries implementing structural reforms

  3. A lending facility for countries experiencing natural disasters

  4. A lending facility for countries in debt distress

Show answer
Correct Option: A
Explanation:

The EFF is a lending facility provided by the IMF to assist countries facing balance of payments problems.

What is the IMF's Poverty Reduction and Growth Trust (PRGT)?

  1. A trust fund that provides concessional loans to low-income countries

  2. A trust fund that provides grants to low-income countries

  3. A trust fund that provides technical assistance to low-income countries

  4. A trust fund that provides debt relief to low-income countries

Show answer
Correct Option: A
Explanation:

The PRGT is a trust fund that provides concessional loans to low-income countries to support poverty reduction and economic growth.

What is the IMF's Heavily Indebted Poor Countries (HIPC) Initiative?

  1. An initiative to provide debt relief to heavily indebted poor countries

  2. An initiative to provide financial assistance to heavily indebted poor countries

  3. An initiative to promote economic growth in heavily indebted poor countries

  4. An initiative to reduce poverty in heavily indebted poor countries

Show answer
Correct Option: A
Explanation:

The HIPC Initiative is an initiative launched by the IMF and the World Bank to provide debt relief to heavily indebted poor countries.

What is the IMF's Millennium Development Goals (MDGs)?

  1. A set of goals adopted by the United Nations to improve the lives of people around the world

  2. A set of goals adopted by the IMF to promote economic growth and development

  3. A set of goals adopted by the World Bank to reduce poverty and improve living standards

  4. A set of goals adopted by the United Nations Development Program (UNDP) to promote sustainable development

Show answer
Correct Option: A
Explanation:

The MDGs are a set of goals adopted by the United Nations to improve the lives of people around the world, including goals related to poverty reduction, education, health, and environmental sustainability.

What is the IMF's Sustainable Development Goals (SDGs)?

  1. A set of goals adopted by the United Nations to promote sustainable development

  2. A set of goals adopted by the IMF to promote economic growth and development

  3. A set of goals adopted by the World Bank to reduce poverty and improve living standards

  4. A set of goals adopted by the United Nations Development Program (UNDP) to promote sustainable development

Show answer
Correct Option: A
Explanation:

The SDGs are a set of goals adopted by the United Nations to promote sustainable development, including goals related to poverty reduction, education, health, environmental sustainability, and economic growth.

What is the IMF's role in the global economy?

  1. To promote international monetary cooperation

  2. To facilitate international trade

  3. To provide financial assistance to developing countries

  4. To regulate the global financial system

Show answer
Correct Option:
Explanation:

The IMF plays a multifaceted role in the global economy, including promoting international monetary cooperation, facilitating international trade, providing financial assistance to developing countries, and regulating the global financial system.

- Hide questions
ADVERTISEMENT

Find more quizzes from top tags

general knowledge
3615 Quizzes
119858 Questions
 technology
307 Quizzes
36705 Questions
 sports
963 Quizzes
19148 Questions
 history
1187 Quizzes
13475 Questions
 physics
598 Quizzes
13441 Questions
 biology
1160 Quizzes
12174 Questions
 science & technology
551 Quizzes
11015 Questions
 chemistry
490 Quizzes
9892 Questions
 maths
518 Quizzes
9324 Questions
 softskills
0 Quizzes
7131 Questions