International Financial Organisation
Exam Duration: 45 Mins Total Questions : 30
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
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
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
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
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
As per - recent reports, many countries are planning to introduce 'Tobin Tax', the idea of which was given by a nobel prize winner economist James Tobin in 1978. Tobin Tax, if implemented, will be levied on which of the following?
- (a)
On the interest income of corporates earned through major investments
- (b)
All cash transactions
- (c)
Services availed specifically by an elite group of people
- (d)
Foreign exchange transactions
- (e)
None of the above
As per the Reserve Bank of India (RBI), the economic conditions in India are not yet suitable for full convertibility of Rupee. At present Rupee is convertible at which of the following accounts?
I. Fully at Capital Account
II. Fully at Current Account
III. Partially at Trade Account
Select the correct answer using the codes given below
- (a)
Only I
- (b)
Only II
- (c)
Only III
- (d)
I and III
- (e)
None of these
Which of the following organisations provides guarantee to the exporters?
- (a)
Exim Bank
- (b)
Export Credit Guarantee Corporation
- (c)
Director General Foreign Trade
- (d)
Reserve Bank of India
- (e)
Registrar of Companies
Which of the following organisations issues the rules of global trade?
- (a)
World Bank
- (b)
World Trade Organisation
- (c)
Foreign Exchange Dealers' Association
- (d)
Directorate General of Foreign Trade
- (e)
None of the above
What is the 'financial inclusion'?
I. Easy access to bank accounts for safe parking of savings.
II. Availability of cheap credits through appropriately designed loans for poor and low income households and small entrepreneur.
III. Availability of basic financial products like insurance.
Select the correct answer using the codes given below
- (a)
Only I
- (b)
Only II
- (c)
Only III
- (d)
I and II
- (e)
All of these
Which of the following economic concepts is 'categorised on the basis of current account or capital account or both?
- (a)
Balance of payments
- (b)
Value of the foodgrain stock of a country
- (c)
Gross National Product(GNP)
- (d)
Gross National Income (GNI)
- (e)
Total collection of direct taxes in a year
The main function of the IMF is
- (a)
to help solve balance of payments problems of member countries
- (b)
to arrange international deposits from banks
- (c)
to acts as private sector lending arm of the World Bank
- (d)
to finance investment loans to developing countries
- (e)
None of the above
Which of the following organisation has given a warning to the nations of the world that there may be increased risk to global financial stability in the world?
- (a)
World Bank
- (b)
World Trade Organisation
- (c)
Asian Development Bank
- (d)
International Monetary Fund
- (e)
United Nation Organisation
Consider the following statements
I. WTO was established on 1st January, 1995.
II. It was created by Uruguay round negotiation.
III. WTO has 159 members countries.
Which of the statements given above are correct?
- (a)
I and II
- (b)
I and III
- (c)
II and III
- (d)
All of these
- (e)
None of these
Whose part is the International Bureau of Education?
- (a)
UNESCO
- (b)
UNIDO
- (c)
IMF
- (d)
All of these
- (e)
None of these
Which of the following is not an original member of the UN?
- (a)
Pakistan
- (b)
India
- (c)
Poland
- (d)
Cube
- (e)
All of these
Which of the following statement 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 halve 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 product globally.
select the correct answer using the codes given below
- (a)
Only I
- (b)
Only II
- (c)
I and II
- (d)
II and III
- (e)
All of these
As per the news reports members of the SAARC agreed to establish a 'SAARC Food Bank' to ensure food security for members in case of any emergency. Which of the following nations agreed to provide maximum quantity of food for the bank?
- (a)
India
- (b)
Pakistan
- (c)
Bhutan
- (d)
Nepal
- (e)
Sri Lanka
Which of the following is not a member of Asean?
- (a)
Malaysia
- (b)
Indonesia
- (c)
Vietnam
- (d)
Britain
- (e)
Singapore
Which of the following pairs is not correct?
- (a)
Statue of the International Court of Justice: 70 Articles
- (b)
Original Members of the UN: 50 Articles
- (c)
UN Charter: 111 Articles
- (d)
Universal Declaration of Human Rights: 30 Articles
- (e)
All of the above
Where is the Headquarters of Inter Parlaimentary Union?
- (a)
Sweden
- (b)
UK
- (c)
USA
- (d)
Switzerland
- (e)
India
When did UN General Assembly establish UN Industrial Development Organisation?
- (a)
1968
- (b)
1966
- (c)
1967
- (d)
1965
- (e)
1977
When did World Trade Organisation come into force?
- (a)
2nd January, 1948
- (b)
1st January, 1995
- (c)
12th January, 1948
- (d)
15th January, 1946
- (e)
13th January, 1947
Where is the Headquarters of World Trade Organisation?
- (a)
New Delhi
- (b)
New York
- (c)
Geneva
- (d)
Rome
- (e)
None of these
How is the United nation Monetary and Financial Conference where in the agreements were signed to set-up IBRD, GATT and IMF, commonly known?
- (a)
Bandung Conference
- (b)
Bretton Woods Conference
- (c)
Versailles Conference
- (d)
Yalta Conference
- (e)
Geneva Conference
Which one of the following statements is true regarding IMF?
- (a)
It is not an agency of UNO
- (b)
It can grant loan to any country of the world
- (c)
It can grant loan to State Government of a country
- (d)
It grants loan only to member nations
- (e)
All of the above
Voting rights in the IMF are distributed on the basis of
- (a)
one country, one vote
- (b)
proportion to the share of the income of the country in the world income
- (c)
proportion to contributions given by each country
- (d)
proportion to quota alloted to countries from time to time
- (e)
None of the above
Which of the following is not a member of Organisation of the Petroleum Exporting Countries (OPEC)?
- (a)
Algeria
- (b)
Brazil
- (c)
Ecuador
- (d)
Nigeria
- (e)
All of these
Which one of the following is the final session of the General Agreement on Tariff and Trade (GATT)?
- (a)
Singapore Session
- (b)
Geneva Session
- (c)
Washington Session
- (d)
Uruguay Session
- (e)
Vienna Session
Consider the following organisations
I. International Bank for Reconstruction and Development (IBRD)
II. International Finance Corporation (IFC)
III. International Fund for Agricultural Development (IFAD)
IV. International Monetary Fund (IMF)
Which of the above agencies of United Nations is/are correct?
- (a)
II, III and IV
- (b)
I, II and III
- (c)
II and III
- (d)
III and IV
- (e)
I and II