World Economy MCQ Questions and Answers - 2

Question: 6

Voting rights in the International Monetary Fund (IMF) are distributed on the basis of

(A) proportion to quota allocated to countries from time to time.

(B) proportion to contributions given by each country

(C) proportion to the share of the income of the country in the world income

(D) one country, one vote

Question: 7

The soft loan affiliate of the World Bank is

(A) International Bank for Reconstruction and Development

(B) International Development Association

(C) International Monetary Fund

(D) Asian Development Bank

Question: 8

World Bank is a body

(A) of major banks operating in different countries

(B) that gives aid to developing countries

(C) that controls world wide foreign exchange operations

(D) of non official generous individuals

Question: 9

The main watch dog of international trade is

(A) IMF

(B) IFC

(C) World Bank

(D) W.T.O.

Question: 10

From the view of International economy, Third World implies

(A) the developed countries

(B) block led by U.S.A., U.K. etc

(C) the developing countries

(D) None of these