The term 'paper Gold' means

Special accomodation facility of the World Bank

Special Drawing Rights (SDR) of the IMF

Special accomodation facility of the World Bank

Currencies still on Gold standard

'World Bank' is also known as

International Bank for Rehabiliation and Development

International Bank for Reconstruction and Development

International Bank for Rehabiliation and Development

International Bank for Refinance and Development

International Bank for Research and Development

World Bank helps countries with loans for the purpose of

tackling foreign exchange crises

meeting deficits in government budget

'World Development Report' is annual publication of

International Bank of reconstruction and Development (IBRD) / World bank

International Monetary Fund (IMF)

Special Drawing Rights (SDR) facility is available at

International Bank for Reconstruction and Development (IBRD)/ World Bank

International Monetary Fund (IMF)

International Bank for Reconstruction and Development (IBRD)/ World Bank

International Development Association (IDA)

Organisation of Economic Co-operation and Development (OECD)

Regarding the International Monetary Fund (IMF), which one of the following statements is correct?

It can grant loans to the Central Bank of a country

It can grant loans to any country

It can grant loans to only development countries

It grants loans to only member countries

It can grant loans to the Central Bank of a country

The IMF and the World Bank were conceived as institutions to

strengthen international economic co-operation and to help create a more stable and prosperous global economy

IMF promotes international monetary operation

The World Bank promotes long term economic development and poverty reduction

'The Doing Business Report' is prepared by which of the following organisations every year?

International Monetary Fund (IMF)

A 'closed economy' is an economy in which

the money supply is fully controlled

neither exports nor imports take place

The 'law of demand' expresses

effect of change in demand of a commodity over the supply of its substitute

effect of change in price of a commodity on its demand

effect of change in demand of a commodity on its price

effect of change in demand of a commodity over the supply of its substitute

In the context of independent India's economy, which one of the following was the earliest event to take place?

Introduction of First Five Year Plan

Nationalization of Insurance companies

Nationalization of State Bank of India

Enactment of Banking Regulation Act

Introduction of First Five Year Plan

a tax on expenditure on luxury items

a levy on local bodies which do not utilise their funds

a tax to prevent speculation in shares

a tax to prevent speculative fight of capital

a tax on expenditure on luxury items

426 + Mcqs in International Organisations in General Knowledge Page 1 McqOptions

1.	The term 'paper Gold' means
A.	Special Drawing Rights (SDR) of the IMF
B.	Special accomodation facility of the World Bank
C.	Currencies still on Gold standard
D.	Deficit Financing
Answer» B. Special accomodation facility of the World Bank

Discussion

2.	The capital of IMF is made up by contribution of the
A.	credit
B.	deficit financing
C.	member nations
D.	borrowings
Answer» D. borrowings

Discussion

3.	In which years was the World Bank formed?
A.	1945
B.	1956
C.	1960
D.	1988
Answer» B. 1956

Discussion

4.	The view that 'Planning in India should, in future, pay more attention to the people than to commodities' was given by
A.	Amartya Sen
B.	Yashwat Sinha
C.	Atal Behari Vajpayee
D.	Man Mohan Singh
Answer» B. Yashwat Sinha

Discussion

5.	'World Bank' is also known as
A.	International Bank for Reconstruction and Development
B.	International Bank for Rehabiliation and Development
C.	International Bank for Refinance and Development
D.	International Bank for Research and Development
Answer» B. International Bank for Rehabiliation and Development

Discussion

6.	World Bank helps countries with loans for the purpose of
A.	Reconstruction and development
B.	stimulating private investment
C.	tackling foreign exchange crises
D.	meeting deficits in government budget
Answer» B. stimulating private investment

Discussion

7.	'World Development Report' is annual publication of
A.	International Bank of reconstruction and Development (IBRD) / World bank
B.	United Nations Development Programme (UNDP)
C.	World Trade Organisation (WTO)
D.	International Monetary Fund (IMF)
Answer» B. United Nations Development Programme (UNDP)

Discussion

8.	S.D.R stands for
A.	Special Drawing Rights
B.	State Drawing Rights
C.	Special Dollar Rights
D.	Specific Dollar Rights
Answer» B. State Drawing Rights

Discussion

9.	Special Drawing Rights (SDR) facility is available at
A.	International Monetary Fund (IMF)
B.	International Bank for Reconstruction and Development (IBRD)/ World Bank
C.	International Development Association (IDA)
D.	Organisation of Economic Co-operation and Development (OECD)
Answer» B. International Bank for Reconstruction and Development (IBRD)/ World Bank

Discussion

10.	Consider the following organisations 1. International Bank for Reconstruction and Development (IBRD) 2. International Finance Corporation (IFC) 3. International Fund for Agricultural Development (IFAD). 4. International Monetary Fund (IMF). Which of these are agencies of the United Nations?
A.	1 and 2
B.	2 and 3
C.	3 and 4
D.	1, 2 3 and 4
Answer» E.

Discussion

11.	Regarding the International Monetary Fund (IMF), which one of the following statements is correct?
A.	It can grant loans to any country
B.	It can grant loans to only development countries
C.	It grants loans to only member countries
D.	It can grant loans to the Central Bank of a country
Answer» D. It can grant loans to the Central Bank of a country

Discussion

12.	IMF was established to meet which of the following objectives? 1. Promoting international monetary co-operation. 2. Expanding international trade. 3. Lessening the disequilibrium in balance of trade. 4. Avoiding competitive exchange depreciations. Code
A.	1, 2 and 3
B.	1, 3 and 4
C.	2 and 4
D.	1, 2, 3, and 4
Answer» B. 1, 3 and 4

Discussion

13.	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.	Bandug Conference
B.	Bretton Woods Conference
C.	Versailles Conference
D.	Yalta Conference
Answer» D. Yalta Conference

Discussion

14.	The IMF and the World Bank were conceived as institutions to
A.	strengthen international economic co-operation and to help create a more stable and prosperous global economy
B.	IMF promotes international monetary operation
C.	The World Bank promotes long term economic development and poverty reduction
D.	All a, b and c
Answer» E.

Discussion

15.	What is 'WEF'?
A.	World Eco-Friendly
B.	World Economic Forum
C.	World European Fund
D.	Wild Ecological Fund
Answer» C. World European Fund

Discussion

16.	Which of the following organisation is to organise relief for the victims of war or disaster
A.	CENTO
B.	WCC
C.	ICRC
D.	ASAC
Answer» D. ASAC

Discussion

17.	Who provide for collective defence and economic cooperation in South East Asia
A.	SEATO
B.	NATO
C.	EFTA
D.	IATA
Answer» B. NATO

Discussion

18.	Who is called the 'Father of Modern Economics'?
A.	Adam Smith
B.	Marshall
C.	Keynes
D.	Robbins
Answer» B. Marshall

Discussion

19.	Consider the following countries 1. Brazil 2. Mexico 3. South Africa According to UNCTAD which of the above is/are categorized as 'Emerging Economics'?
A.	1 only
B.	2 and 3 only
C.	2 and 3 only
D.	1, 2 and 3
Answer» E.

Discussion

20.	Karl Marx explained the process of class struggle with the help of which one of the following theories ?
A.	Empirical liberalism
B.	Extentialism
C.	Darwin's theory of evolution
D.	Dialectical materialism
Answer» E.

Discussion

21.	'The Doing Business Report' is prepared by which of the following organisations every year?
A.	World Bank
B.	Asian Development Bank (ADB)
C.	International Monetary Fund (IMF)
D.	World Trade Organisation (WTO)
Answer» B. Asian Development Bank (ADB)

Discussion

22.	Where is the headquarter of International Bank for Reconstruction and Development (IBRD) located ?
A.	Geneva
B.	Washington D.C.
C.	London
D.	Paris
Answer» C. London

Discussion

23.	The head office of the Asian Development Bank (ADB) is in
A.	Manila
B.	Jakarta
C.	Honululu
D.	Nairobi
Answer» B. Jakarta

Discussion

24.	A 'closed economy' is an economy in which
A.	the money supply is fully controlled
B.	deficit financing takes place
C.	only exports take place
D.	neither exports nor imports take place
Answer» E.

Discussion

25.

Given below are a few abbreviations and the areas with which they are associated. Match them properly using the given code
List-I (Abbreviations) List-II (Areas)
F OGL, FOB 1. Employment
G SJRY, TRYSEM 2. External Trade
H WPI, CPI 3. Banking
J CRR, SLR 4. Index Numbers
Code
F G H J
A. 2 1 4 3
B. 2 4 3 1
C. 4 3 2 1
D. 4 3 2 1

A.

B.

C.

D.

Answer» B. B.

Discussion

26.

In the context of Indian economy, consider the following pairs
Term Most appropriate description
1. Melt down Fall in stock prices
2. Recession Fall in growth rate
3. Slow down Fall in GDP

Which of the pairs given above is/are correctly matched?

A.

1 only

B.

2 and 3 only

C.

1 and 3 only

D.

1, 2 and 3

Answer» E.

Discussion

27.	The 'law of demand' expresses
A.	effect of change in price of a commodity on its demand
B.	effect of change in demand of a commodity on its price
C.	effect of change in demand of a commodity over the supply of its substitute
D.	None of the above
Answer» C. effect of change in demand of a commodity over the supply of its substitute

Discussion

28.	Read the following statements carefully 1. In 1991 policy of Economic liberalization was adopted in India. 2. Foreign currency market and Foreign Investment sectors were promoted. 3. Import of foreign goods was freed fom prohibition. Select the answer on the basis of following code
A.	1 and 2 are correct
B.	1 and 3 are correct
C.	2 and 3 are correct
D.	1, 2 and 3 are correct
Answer» E.

Discussion

29.	What happens when an economy goes in the grip of recession? 1. GDP growth slows down. 2. People lose their jobs. 3. Foreign exchange reserve goes up substantially as lot of loans/grants start pouting in. Codes
A.	only 1
B.	only 2
C.	only 3
D.	only 1 and 2
Answer» E.

Discussion

30.	Who says : 'The propensity to consume is stable in the short run'?
A.	Keynes
B.	Hicks
C.	Arrow
D.	Stiglitz
Answer» B. Hicks

Discussion

31.	Consider the following financial institution of India 1. Industrial Finance Corporation of India (IFCI). 2. Industrial Credit and Investment Corporation of India (ICICI). 3. Industrial Development Bank of India (IDBI). 4. National Bank for Agriculture and Rural Development (NABARAD) The correct chronological sequence of the establishment of theses institution is
A.	1,2,3,4
B.	2,3,4,1
C.	3,4,1,2
D.	4,1,2,3
Answer» B. 2,3,4,1

Discussion

32.

Match List-I with List-II and select the correct answer using the codes given below the lists
List-I List-II
F United Nations Development Programme (UNDP) 1. Human Development Report
G National Council of Applied Economic Research 2. India Human Development Report
H World Bank/IBRD 3. World Development Report
J Indira Gandhi Institute of Development Research 4. India Development Report
Code
F G H J
A. 1 2 3 4
B. 1 2 4 3
C. 2 1 4 3
D. 2 1 3 4

A.

B.

C.

D.

Answer» B. B.

Discussion

33.	Many times we read a term 'Free Market' in newspapers. What does it mean? [Pick up the correct statements (s)]. 1. It is a market where pricing is driven by the laws of supply and demand 2. In free market things are available without restraints of the government. 3. In such market goods are free from extranceous infludences such as buffer or quotas. Codes
A.	Only 1
B.	Only 2
C.	Only 3
D.	Both 1 and 2
Answer» E.

Discussion

34.	The terms 'Micro Economics' and 'Macro Economics' were coined by
A.	Alfred Marshall
B.	Ranger Nurkse
C.	Ranger Frisch
D.	J.M.Keynes
Answer» D. J.M.Keynes

Discussion

35.	'Economics is what is ought to be'. This statement refer to
A.	Normative Economics
B.	Positive Economics
C.	Monetary Economics
D.	Fiscal Economics
Answer» B. Positive Economics

Discussion

36.	In the context of independent India's economy, which one of the following was the earliest event to take place?
A.	Nationalization of Insurance companies
B.	Nationalization of State Bank of India
C.	Enactment of Banking Regulation Act
D.	Introduction of First Five Year Plan
Answer» D. Introduction of First Five Year Plan

Discussion

37.	To bin Tax refers to
A.	a levy on local bodies which do not utilise their funds
B.	a tax to prevent speculation in shares
C.	a tax to prevent speculative fight of capital
D.	a tax on expenditure on luxury items
Answer» D. a tax on expenditure on luxury items

Discussion

38.	Laissez-faire is a feature of
A.	Socialism
B.	Communism
C.	Capitalism
D.	Mixed economy
Answer» D. Mixed economy

Discussion

39.	Muhammad Yunus of Bangladesh who was awarded Nobal Prize a few years back is a famous
A.	Author
B.	Scientist
C.	Social Worker
D.	Economist
Answer» E.

Discussion

40.	In the present context of socio-economic development the concept of 'meeting the needs of the present without compromising the ability of future generations to meet their needs' is popularly known as the concept of
A.	Sustainable Development
B.	uniform Growth
C.	Target-driven Growth
D.	No risk-No gain
Answer» B. uniform Growth

Discussion

41.	Who amongst the following economists gave the concept of 'economics of sale' which says 'many goods and services can be produced more cheaply in long series'
A.	Edward C. Prescott
B.	Amartya Sen
C.	Gary S. Bekher
D.	Paul Krugman
Answer» E.

Discussion

42.	'Interest is a reward for parting with liquidity for a specific period' is according to
A.	Keynes
B.	Marshall
C.	Haberler
D.	Ohlin
Answer» B. Marshall

Discussion

43.

Match the following:
List-I List-II
F United Nations Industrial Development Organisation 1. Geneva
G Food and Agricultural Organisation 2. Paris
H World Health Organisation 3. Rome
J United Nations Educational, Scientific and cultural organisation 4. Vienna
code
F G H J
A. 3 4 2 1
B. 3 2 4 1
C. 3 4 2 1
D. 4 3 1 2

A.

B.

C.

D.

Answer» C. C.

Discussion

44.	Pro. Amartya Sen was awarded Nobel Prize for his contribution to the field of
A.	Food and famines
B.	Welfare economics
C.	Indian economy
D.	Poverty
Answer» C. Indian economy

Discussion

45.	A 'want' becames a 'demand' only when it is backed by the price level in an economy is
A.	Direct
B.	Inverse
C.	Proportional
D.	Stable
Answer» C. Proportional

Discussion

46.	Who propounded the 'market law'?
A.	Adam Smith
B.	J.B. Say
C.	T.T. Malthus
D.	David Ricardo
Answer» C. T.T. Malthus

Discussion

47.	Motivations given to Multinational companies in India means encouragement of
A.	Privatization Policy
B.	Globalization Policy
C.	Liberalization Policy
D.	All of these
Answer» E.

Discussion

48.	Which of the following terms is NOT used in the world of economics/finance?
A.	Sinking Fund
B.	Open Door Policy
C.	Devaluation
D.	Privilege Motion
Answer» E.

Discussion

49.	Which of the following terms is NOT used in Economics?
A.	Balance of Trade
B.	Break Even
C.	Fiscal Deficit
D.	Centrifugal Force
Answer» E.

Discussion

50.	Nobel Prize winning India Amartya Sen in known for his work in which area?
A.	Physics
B.	Environmental Protection
C.	Chemistry
D.	Economics
Answer» E.

Discussion

Explore topic-wise MCQs in General Knowledge.

The term 'paper Gold' means

The capital of IMF is made up by contribution of the

In which years was the World Bank formed?

The view that 'Planning in India should, in future, pay more attention to the people than to commodities' was given by

'World Bank' is also known as

World Bank helps countries with loans for the purpose of

'World Development Report' is annual publication of

S.D.R stands for

Special Drawing Rights (SDR) facility is available at

Consider the following organisations1. International Bank for Reconstruction and Development (IBRD)2. International Finance Corporation (IFC)3. International Fund for Agricultural Development (IFAD).4. International Monetary Fund (IMF).Which of these are agencies of the United Nations?

Regarding the International Monetary Fund (IMF), which one of the following statements is correct?

IMF was established to meet which of the following objectives?1. Promoting international monetary co-operation.2. Expanding international trade.3. Lessening the disequilibrium in balance of trade.4. Avoiding competitive exchange depreciations.Code

How is the United Nation Monetary and Financial Conference where in the agreements were signed to set up IBRD, GATT and IMF, commonly known?

The IMF and the World Bank were conceived as institutions to

What is 'WEF'?

Which of the following organisation is to organise relief for the victims of war or disaster

Who provide for collective defence and economic cooperation in South East Asia

Who is called the 'Father of Modern Economics'?

Consider the following countries 1. Brazil2. Mexico3. South AfricaAccording to UNCTAD which of the above is/are categorized as 'Emerging Economics'?

Karl Marx explained the process of class struggle with the help of which one of the following theories ?

'The Doing Business Report' is prepared by which of the following organisations every year?

Where is the headquarter of International Bank for Reconstruction and Development (IBRD) located ?

The head office of the Asian Development Bank (ADB) is in

A 'closed economy' is an economy in which

Given below are a few abbreviations and the areas with which they are associated. Match them properly using the given codeList-I (Abbreviations)List-II (Areas) F OGL, FOB1.EmploymentG SJRY, TRYSEM2.External TradeH WPI, CPI3.BankingJ CRR, SLR4.Index NumbersCodeF G H J A. 2143B. 2431C. 4321D. 4321

In the context of Indian economy, consider the following pairs TermMost appropriate description1. Melt downFall in stock prices2. RecessionFall in growth rate3. Slow downFall in GDPWhich of the pairs given above is/are correctly matched?

The 'law of demand' expresses

Read the following statements carefully 1. In 1991 policy of Economic liberalization was adopted in India.2. Foreign currency market and Foreign Investment sectors were promoted.3. Import of foreign goods was freed fom prohibition.Select the answer on the basis of following code

What happens when an economy goes in the grip of recession?1. GDP growth slows down.2. People lose their jobs.3. Foreign exchange reserve goes up substantially as lot of loans/grants start pouting in.Codes

Who says : 'The propensity to consume is stable in the short run'?

The terms 'Micro Economics' and 'Macro Economics' were coined by

'Economics is what is ought to be'. This statement refer to

In the context of independent India's economy, which one of the following was the earliest event to take place?

To bin Tax refers to

Laissez-faire is a feature of

Muhammad Yunus of Bangladesh who was awarded Nobal Prize a few years back is a famous

In the present context of socio-economic development the concept of 'meeting the needs of the present without compromising the ability of future generations to meet their needs' is popularly known as the concept of

Who amongst the following economists gave the concept of 'economics of sale' which says 'many goods and services can be produced more cheaply in long series'

'Interest is a reward for parting with liquidity for a specific period' is according to

Match the following:List-IList-IIF United Nations Industrial Development Organisation1. GenevaG Food and Agricultural Organisation2. ParisH World Health Organisation3. RomeJ United Nations Educational, Scientific and cultural organisation4. ViennacodeF G H J A. 3421B. 3241C. 3421D. 4312

Pro. Amartya Sen was awarded Nobel Prize for his contribution to the field of

A 'want' becames a 'demand' only when it is backed by the price level in an economy is

Who propounded the 'market law'?

Motivations given to Multinational companies in India means encouragement of

Which of the following terms is NOT used in the world of economics/finance?

Which of the following terms is NOT used in Economics?

Nobel Prize winning India Amartya Sen in known for his work in which area?

Consider the following organisations
1. International Bank for Reconstruction and Development (IBRD)
2. International Finance Corporation (IFC)
3. International Fund for Agricultural Development (IFAD).
4. International Monetary Fund (IMF).
Which of these are agencies of the United Nations?

IMF was established to meet which of the following objectives?
1. Promoting international monetary co-operation.
2. Expanding international trade.
3. Lessening the disequilibrium in balance of trade.
4. Avoiding competitive exchange depreciations.
Code

Consider the following countries
1. Brazil
2. Mexico
3. South Africa
According to UNCTAD which of the above is/are categorized as 'Emerging Economics'?

In the context of Indian economy, consider the following pairs
Term Most appropriate description
1. Melt down Fall in stock prices
2. Recession Fall in growth rate
3. Slow down Fall in GDP

Which of the pairs given above is/are correctly matched?

Read the following statements carefully
1. In 1991 policy of Economic liberalization was adopted in India.
2. Foreign currency market and Foreign Investment sectors were promoted.
3. Import of foreign goods was freed fom prohibition.
Select the answer on the basis of following code

What happens when an economy goes in the grip of recession?
1. GDP growth slows down.
2. People lose their jobs.
3. Foreign exchange reserve goes up substantially as lot of loans/grants start pouting in.
Codes