The international Monetary Fund Quiz

110 Questions | Total Attempts: 15

SettingsSettingsSettings
Please wait...
Theinternational Monetary Fund Quiz

The International Monetary Fund (IMF) is an international financial institution, headquartered in Washington, D. C. , consisting of 190 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world while periodically depending on the World Bank for its resources Know more about it in this quiz.


Questions and Answers
  • 1. 
    Select the characteristics of the global system
    • A. 

      Same as domestic system

    • B. 

      No global governance or discipline

    • C. 

      Self-help survival system

    • D. 

      International organizations are based compulsory participation

    • E. 

      International organizations are subject to the influence of states

  • 2. 
    Select the reasons states are inclined to cooperate
    • A. 

      Economic gains 

    • B. 

      Influence of the hegemon

    • C. 

      International expectations

    • D. 

      They are not inclined to cooperate

  • 3. 
    After WWII, the new hegemonic power that emerged was the [Blank]
  • 4. 
    T or F: International organizations are limited by state consensus
    • A. 

      True

    • B. 

      False

  • 5. 
    Which international institution has the stated goal of exchange rate stability, short term financing to over balance of payments issues and avoid temporary economic crises
    • A. 

      WB

    • B. 

      IBRD

    • C. 

      IMF

    • D. 

      UN

  • 6. 
    In 1971, the IMF shifted its mandate to.... 
    • A. 

      Interest-free loans

    • B. 

      Longer term financing

    • C. 

      Equal voting share

    • D. 

      Removal of the Gold Standard

  • 7. 
    When members pay their quotas to the IMF, what benefits does that provide them?
    • A. 

      Interest-Free Loans

    • B. 

      Access to a pool of money

    • C. 

      Special drawing rights

    • D. 

      Voting Power

  • 8. 
    If countries must reduce government expenditure, tighten monetary policy and privatize their industries in order to receive a loan, they are subject to... 
    • A. 

      Conditionality

    • B. 

      Balance of Payment

    • C. 

      Tied Aid 

    • D. 

      Borrowing

  • 9. 
    Who stated that the IMF imposes a highly ideological "cookie-cutter" condition?
    • A. 

      Sachs

    • B. 

      McNamara

    • C. 

      Yong Kim

    • D. 

      Stiglitz

  • 10. 
    McNamara shifted the focus on the world bank to address [Blank] in 1975
  • 11. 
    In the World Bank, subscriptions and loan guarantees are based on what? 
    • A. 

      Paid-in contributions

    • B. 

      Callable contributions

    • C. 

      Material Contributions

    • D. 

      Expertise contributions

  • 12. 
    Who has Veto Power in the World Bank?
    • A. 

      The US

    • B. 

      The UK

    • C. 

      France

    • D. 

      China

    • E. 

      Russia

  • 13. 
    T or F: The bank offers soft loans with virtually no interest to developing economies
    • A. 

      True

    • B. 

      False

  • 14. 
    What bank facilitated development for Latin America from Washington, with recipients having the majority of the vote?
    • A. 

      Andean Development Corporation

    • B. 

      Latin American Infrastructure Invest Bank

    • C. 

      International Development Assistance

    • D. 

      InterAmerican Development Bank

  • 15. 
    The [Blank] leaders statement discussed major reforms of influence and shifts in voting shares
  • 16. 
    As a means of diametrically opposing the existing western influence in International organizations, what did China do? 
    • A. 

      Withdraw from the World Bank

    • B. 

      Establish the Asian Infrastructure Investment Bank

    • C. 

      Establish it's own branch of the IMF

    • D. 

      Denounce Western Influence

  • 17. 
    Select the demonstration of public and state influence on in International Financial Institutions
    • A. 

      Pelosi Amendment

    • B. 

      Inspection Panel

    • C. 

      McNamara Shift

    • D. 

      WB Environmental and Social Framework

  • 18. 
    Select the critics of the Bretton Woods Institutions
    • A. 

      Ideologically supportive of Neoliberalism

    • B. 

      Lack of accountability

    • C. 

      Made significant strides in development

    • D. 

      Negative impacts on communities

  • 19. 
    A major critic of the UN is that it lacks... 
    • A. 

      Lack of accountability

    • B. 

      Caters to Western powers

    • C. 

      Ideological legitimacy

    • D. 

      None, the UN is perfect

  • 20. 
    T or F: Multilateralism is typically on a universal basis, unlike Plurilateralism
    • A. 

      True

    • B. 

      False

  • 21. 
    Select the benefits of Multilateral institutions
    • A. 

      Less direct control on what happens in the institution

    • B. 

      Useful for solving common problems

    • C. 

      Means of increasing interests

    • D. 

      Long term engagement

    • E. 

      Increased risk of donor bias

    • F. 

      Lower overhead costs

  • 22. 
    Which groups report to the General Assembly?
    • A. 

      Programs and Funds

    • B. 

      Main Committees

    • C. 

      Specialized Agencies

    • D. 

      Secretariat

    • E. 

      Ad Hoc Groups

    • F. 

      Expert Bodies

  • 23. 
    In addition to the General Assembly, the Great Powers formed the [Blank] to protect themselves and their influence
  • 24. 
    What have their own charters, governing bodies and are quasi-independent?
    • A. 

      Programs and Funds

    • B. 

      Bretton Woods Institutions

    • C. 

      Secretariat

    • D. 

      Specialized Agencies

  • 25. 
    Which UN Program was founded to improve the health and welfare of children and advocated against the powered breast milk campaign?
    • A. 

      UNICEF

    • B. 

      UNCTAD

    • C. 

      WHO

    • D. 

      UNDP

Back to Top Back to top