Banking Awareness - International Financial Organisation

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Question - 1

As per the news published in the newspapers, the International Monetary Fund (IMF) praised India's, performance on its economic front. Which of the following is not true in this respect?
I. IMF favoured the cuts in fuel subsidies as part of expenditure measure to create space for spending on priority sectors.
II. IMF was not in favour of huge foreign fund flow to India as it has created an imbalance at regional level. IMF wants India to do something for the same.
III. IMF wants some more structural reforms to be implemented quickly.
Which of the statements given above is/are correct?

  • A Only I
  • B Only II
  • C Only III
  • D I and II
  • E All of these

Question - 2

The IMF and the World Bank were conceived as institutions

  • A strengthen international economic co-operation and to help create a more stable and prosperous global economy
  • B IMF promotes international monetary cooperation
  • C The world Bank promotes long-term economic development and poverty reduction
  • D All of the above
  • E None of the above

Question - 3

Which of the following statements is/are about the 34th Summit of the World's eight most industrialised nations (G-8 Summit) held in July, 2008?
I. The summit took place in Moscow.
II. Leaders of G-8 countries endorsed a proposal to have the quantity of the carbon emissions in the air by the year 2050.
III. Leaders of G-8 nations also expressed their strong concern about the sharp and frequent rise in the prices of oil products globally.
Which of the statements given above is/are correct?

  • A Only I
  • B Only II
  • C Only III
  • D I and III
  • E All of these

Question - 4

The Foreign Trade Policy announced in the year 2004 was announced for a period of

  • A two years
  • B three years
  • C four years
  • D five years
  • E ten years

Question - 5

The letter 'D' stands for which of the following the abbreviated name OECD?: Organisation of Economic Co-operation and ........

  • A Defence
  • B Direction
  • C Dominance
  • D Development
  • E Devaluation

Question - 6

Which of the following policies of the financial sectors is basically designed to transfer local financial asset into foreign financial assets, freely and at market determined exchange rates? Policy of

  • A Capital Account Convertibility
  • B Financial Deficit Management
  • C Minimum supports Price
  • D Restrictive Trade practices
  • E None of the above

Question - 7

We very frequently read about the activities of the Foreign Exchange Market in newspapers/magazines. Which of the following is/are the major functions of the same?
I. Transfer of purchasing power from domestic to foreign markets.
II. Providing credit for financing foreign trade.
III. Power to purchase gold from foreign countries, as most of the nations still work on Gold Standards.
Which of the statements given above is/are correct?

  • A Only I
  • B Only 2
  • C Only III
  • D I and II
  • E II and III

Question - 8

Which of the following countries has been given permanent membership of the World Trade Organisation recently? 

  • A Ukraine
  • B India
  • C Pakistan
  • D Sri Lanka
  • E None of these

Question - 9

Many a time we read about Special Drawing Right (SDR) in newspapers. As per its definition, SDR is a monetary unit of the reserve assets of which of the following organisations/agencies?

  • A World Bank
  • B International Monetary Fund (IMF)
  • C Asian Development Bank
  • D Reserve Bank of India
  • E None of the above

Question - 10

As per the news published in various financial newspaper, the RBI is r-working the roadmap on Capital Account Convertibility. If this is done, who amongst the following would be able to invest in foreign projects or acquire assets outside India without any restrictions?
I. Public Sector Banks
II. Companies which are registered in India
III. Government of India
IV. Any Individual
Select the correct answer using the codes given below

  • A Only I
  • B Only II
  • C Only III
  • D All of these
  • E None of the above