Economics (Part – X) - Mock Test 365

Total Questions: 50

41. Which of the following is also known as 'World Bank'? [S.S.C. Online C.G.L.(T-I) 29.08.2016 (Shift-III)]

(a) International Monetary Fund
(b) International Bank for Reconstruction and Development
(c) World Trade Organization
(d) International Development Association

Correct Answer: (b) International Bank for Reconstruction and Development

Solution:The international reconstruction and development bank is called the world bank. The World Bank provides long term capital to member countries for economic reconstruction and development. IBRD helps middle-income and creditworthy poorer countries.

42. Which one of the following institutions is also called "World Bank"? [S.S.C. Online C.G.L.(T-I) 9.09.2016 (Shift-III)]

(a) International Bank of Reconstruction and Development
(b) International Monetary Fund
(c) UNICEF
(d) IFC

Correct Answer: (a) International Bank of Reconstruction and Development

43. "World Economic Outlook" report is published by which of the following? [S.S.C. Online C.G.L.(T-I) 10.09.2016 (Shift-II]

(a) IMF
(b) World Bank
(c) RBI
(d) UNCTAD

Correct Answer: (a) IMF

Solution:The World Economic Outlook (WEO) is a comprehensive report published twice a year by the International Monetary Fund (IMF). The IMF was set up along with the World Bank in 1945 after the Second World War to assist in the reconstruction of war-ravaged countries. They are known as the Bretton Woods twins. India joined the IMF on December 27, 1945.

44. Which organization publishes the 'World Development Report'? [S.S.C. Online Constable GD 13.02.2019 (Shift-II)]

(a) International Monetary Fund (IMF)
(b) United Nations Development Programme (UNDP)
(c) World Bank
(d) UNESCO

Correct Answer: (c) World Bank

Solution:The World Development Report is published by the World Bank. This report is considered an invaluable guide to the economic, social and environmental situation of the world.

45. Special Drawing Rights were created by- [S.S.C. Online C.G.L. (T-I) 1.09.2016 (Shift-II)]

(a) IBRD
(b) ADB
(c) IMF
(d) WTO

Correct Answer: (c) IMF

Solution:The Special Drawing Rights (SDR) is an international reserve asset, created by the IMF in 1969 to supplement its member countries' official reserves. The SDR was formed with a vision of becoming a major element of international reserves, with gold and reserve currencies forming a minor incremental component of such reserves.

46. Which institution is known as 'Soft Loan Win-dow of World Bank? [S.S.C. Online C.G.L.(T-I) 31.08.2016 (Shift-II)]

(a) IDBI
(b) IDA
(c) IMF
(d) RBI

Correct Answer: (b) IDA

Solution:The International Development Association (IDA) is a multinational financial institution providing aid to poor countries in the form of loans. It is also referred to as the soft loan window of the World Bank.

47. How many members did the International Monetary Fund (IMF) have as of January, 2020? [S.S.C. Online C.G.L. (T-I) 4.03.2020 (Shift-III)]

(a) 174
(b) 189
(c) 182
(d) 164

Correct Answer: (b) 189

Solution:As of January 2020, the International Monetary Fund (IMF) had 189 member countries. In October 2020, Andorra became the 190th member country of the International Monetary Fund.

48. The Bretton Woods Agreement led to the creation of which one of the following institutions? [S.S.C. Online Constable GD 1.03.2019 (Shift-II)]

(a) International Labor Organization
(b) United Nations
(c) International Monetary Fund
(d) United Nations Educational, Scientific and Cultural Organization

Correct Answer: (c) International Monetary Fund

Solution:The Bretton Woods Agreement was a conference held in July 1944 by delegates from 44 countries held in Bretton Woods, New Hampshire. The Bretton Woods Agreement created two important organizations:

The International Monetary Fund (IMF)
The World Bank.

While the Bretton Woods System was dissolved in the 1970s, both the IMF and World Bank have remained strong pillars for the exchange of international currencies.

49. Which of the following is a comprehensive and in-depth analysis of a country's financial sector, done jointly by the World Bank and IMF in developing and emerging market countries? [S.S.C. Online MTS (T-I) 11.10.2021 (Shift-II)]

(a) Evaluation and Monitoring of the Financial Sector
(b) Developing Economies Financial Audit Scheme
(c) Financial Sector Assessment Program
(d) Finance and Socio Economic Audit Scheme

Correct Answer: (c) Financial Sector Assessment Program

Solution:

The Financial Sector Assessment Program is a com-prehensive and in-depth analysis of the financial sector, conducted jointly by the World Bank and the IMF in developing and emerging market countries.

50. Match the following. [S.S.C. Online C.P.O.S.L. (T-I) 3.07.2017 (Shift-II)]

Organization/Group	Headquarters
1. IMF	A. Geneva
2. WTO	B. Washington DC
3. ADB	C. Kathmandu
4. SAARC	D. Philippines

Correct Answer: (d)