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