International Monetary Fund (IMF) established
  • 1. When was the International Monetary Fund (IMF) established?
A) 1956
B) 1944
C) 1968
D) 1972
  • 2. Where is the headquarters of the IMF located?
A) Paris, France
B) New York City
C) London, UK
D) Washington, D.C.
  • 3. Who elects the Managing Director of the IMF?
A) US President
B) United Nations General Assembly
C) Executive Board
D) World Bank President
  • 4. How many member countries are part of the IMF?
A) 150+
B) 190+
C) 100+
D) 50+
  • 5. What is the current Managing Director's name?
A) António Guterres
B) Angela Merkel
C) Xi Jinping
D) Kristalina Georgieva
  • 6. How often does the IMF conduct Article IV consultations with member countries?
A) Bi-annually
B) Annually
C) Quarterly
D) Decennially
  • 7. Which country was the first to borrow from the IMF?
A) Germany
B) France
C) United States
D) United Kingdom
  • 8. What is the official language of the IMF?
A) Chinese
B) Spanish
C) French
D) English
  • 9. What is the IMF's Special Drawing Rights (SDR) based on?
A) Cryptocurrency market
B) Gold standard
C) Global debt levels
D) Basket of reserve currencies
  • 10. Which US President signed the Bretton Woods Agreement that led to the establishment of the IMF?
A) Franklin D. Roosevelt
B) Ronald Reagan
C) John F. Kennedy
D) Barack Obama
  • 11. How does the IMF provide technical assistance to member countries?
A) Sponsoring sports events
B) Providing free healthcare
C) Training programs and policy advice
D) Sending military advisors
  • 12. Which country has the largest voting share in the IMF?
A) United States
B) Russia
C) China
D) Germany
  • 13. What is the minimum number of votes required at the IMF for major decisions?
A) 85%
B) 10%
C) 50%
D) 25%
  • 14. Which conference led to the creation of the IMF?
A) Yalta Conference
B) Potsdam Conference
C) Bretton Woods Conference
D) Casablanca Conference
  • 15. What is the primary purpose of the IMF?
A) Support nuclear disarmament
B) Regulate global trade
C) Promote international monetary cooperation
D) Enforce immigration policies
  • 16. What major crisis led to a significant increase in IMF lending in the late 1990s and early 2000s?
A) Asian Financial Crisis
B) Subprime Mortgage Crisis
C) Dot-com Bubble Burst
D) Eurozone Debt Crisis
  • 17. Which organization works closely with the IMF on global economic issues?
A) European Union
B) Organization of Petroleum Exporting Countries (OPEC)
C) International Labour Organization
D) World Bank
  • 18. What mechanism does the IMF use to provide short-term financial assistance to countries in need?
A) Venture Capital Investments
B) Long-Term Bonds
C) Stand-By Arrangements
D) Cryptocurrency Grants
  • 19. What is the role of the Structural Adjustment Program (SAP) often associated with the IMF?
A) Funding cultural preservation projects
B) Subsidizing agricultural production
C) Implementing economic reforms in exchange for financial assistance
D) Increasing military spending
  • 20. In what year did the first country receive financial assistance from the IMF?
A) 1955
B) 1980
C) 1962
D) 1947
  • 21. What is the maximum term limit for a Stand-By Arrangement with the IMF?
A) Ten years
B) Three years
C) Five years
D) No limit
  • 22. What percentage of a member country's quota can be accessed without conditions in times of need?
A) 50%
B) 75%
C) 100%
D) 25%
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