Economy and Banking Awareness Quiz - International Economic Organizations - Part I

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1.  When did the International Monetary Fund (IMF) begin its operations ?
   1. 1945
   2. 1946
   3. 1947
   4. 1948
   5. None of these
2. What is the present total number of members of the IMF ?
   1. 135
   2. 142
      
   3. 148
   4. 155
   5. None of these
3. Where are the headquarters of the IMF ?
   1. Paris
   2. Geneva
   3. New York
   4. Washington, DC
   5. None of these
4. What rate of interest does the IMF charge for providing additional concessional balance of payments assistance, under the structural adjustment facility, to low-income countries ?
   1. 2%
   2. 1.5%
   3. 1%
   4. 0.5%
   5. None of these
5. When was the first amendment to the Articles of the IMF made which led to the creation of the Special Drawing Rights (SDR) facility ? 
   1. 1969
   2. 971
   3. 1975
   4. 1978
   5. None of these
6. Which one of the following is not a function of the IMF ?
   1. To promote international monetary co-operation
   2. TO promote exchange stability 
   3. To promote a multilateral trading system.
   4. To promote the development of backward countries 
   5. None of these
7. The IMF institute conducts courses, converting a wide spectrum of subject in financial analysis and policy-making, for officials from member countries in Washington. When was it established ?
   1. 1962
   2. 1964
   3. 1966
   4. 1968
   5. None of these
8. The IMF approves the creation of a given amount of new SDRs. These SDRs are distributed among the participating countries on the basis of their : 
   1. Needs
   2. Share in world trade
   3. Quotas in the IMF
   4. Balance of payments deficits 
   5. None of these
9. Which of the following currencies is at present not included in the valuation of the SDRs ?
   1. Pound sterling 
   2. Yen
   3. Mark
   4. Dinar
   5. None of these
10. In 1974 the IMF changed the basis of valuation of the SDR by calculating the value of the SDR from a basket of currencies of several major countries. What was the number of currencies included in the valuation of the SDR in 1974 ?
    1. 16
    2. 14
    3. 12
    4. 10
    5. None of these
11. Where are the headquarters of the International Labour Organization (ILO) ?
    1. Rome
    2. Geneva
    3. London
    4. New York
    5. None of these
12. When was the ILO established as an autonomous part of the league of Nations ?
    1. 1918
    2. 1919
    3. 1920
    4. 1921
    5. None of these
13. In which year was the ILO awarded the Nobel Peace Prize ?
    1. 1965
    2. 1969
    3. 1973
    4. 1977
    5. None of these
14.  Which is the oldest organization among the four ?
    1. ILO
    2. FAO
    3. WHO
    4. IMF
    5. None of these
15. What was the total number of member countries of the Colombo Plan for Co-operative Economic Development in South and South -East Asia which was set up in 1950 ?
    1. Seven
    2. Fifteen
    3. Twenty
    4. Twenty Six
    5. None of these

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