MCQ for economy-12

With reference to the Multinational Banks, consider the following pairs:

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

Consider the statements given below with reference to the “New Development Bank (NDB)”:

1. The first President of the Bank was from India.

2. Its aim is to mobilize resources for projects in BRICS countries only.

3. The headquarters of the Bank is located in Shanghai.

4. The NDB Africa Regional Center is established in South Africa.

Which of the statements given above is/are not correct?

Consider the following statements with reference to the European Bank for Reconstruction and Development (EBRD):

1. India is not a member of EBRD.

2. It does not provide finance for defense-related activities.

Which of the statements given above is/are correct?

With reference to the Asian Infrastructure Investment Bank (AIIB), consider the following statements:

1. It has a more expansive definition of Asia than the Asian Development Bank (ADB).

2. It has a more expansive approach to non-regional members than the ADB.

Which of the statements given above is/are correct?

Consider the following statements with reference to the Bretton Woods Agreement:

1. World Bank and World Trade Organization (WTO) are outcome of it.

2. It aimed to rebuild the post-World War II economy.

Which of the statements given above is/are correct?

Which of the objectives of the International Monetary Fund (IMF) given below with reference to reducing global poverty are correct?

1. Ensuring Exchange Stability

2. Balanced Growth of Trade

3. Correction of BOP Maladjustments

Select the correct answer using the codes given below:

With reference to the Special Drawing Right (SDR), consider the following statements:

1. It was created as a supplementary international reserve asset in the context of the Bretton Woods fixed exchange rate system.

2. The value of the SDR is based on a basket of four currencies.

3. SDR is neither a currency, nor a claim on the IMF.

Which of the statements given above is/are correct?

Consider the statements given below with reference to the ‘Reserve tranche’:

1. It is an emergency account that members can access without paying a service fee.

2. If the amount exceeds its reserve tranche position (RTP), then it becomes a Credit tranche.

Which of the statements given above is/are not correct?

Which of the agencies given below forms the part of World Bank Group?

1. International Bank for Reconstruction and Development (IBRD)

2. International Development Association

3. International Finance Corporation

4. Multilateral Investment Guarantee Agency

5. International Centre for Settlement of Investment Disputes

6. International Fund for Agricultural Development

Select the correct answer using the codes given below:

With reference to the International Bank for Reconstruction and Development (IBRD), consider the following statements:

1. Its Loans are called Credits.

2. Its membership is necessary for IDA membership.

3. It finances sovereign governments directly or projects backed by sovereign governments.

Which of the statements given above is/are correct?