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