International Monetary Fund (IMF) MCQs

1. The IMF was established in which year?
A) 1945
B) 1950
C) 1960
D) 1970
Answer: A

2. The headquarters of the IMF is located in which city?
A) Geneva
B) Paris
C) Washington D.C.
D) London
Answer: C

3. Which of the following is not a function of the IMF?
A) Promoting international monetary cooperation
B) Facilitating international trade
C) Providing financial assistance to member countries
D) Promoting global economic
Answer: B

4. Which of the following is not a condition for a country to become a member of the IMF?
A) Being a member of the United Nations
B) Having a market-based economy
C) Having a stable exchange rate system
D) Agreeing to abide by the IMF's Articles of Agreement
Answer: B

5. The IMF's Special Drawing Rights (SDRs) are primarily used for what purpose?
A) To finance the IMF's day-to-day operations
B) To provide loans to developing countries
C) To supplement the official reserves of member countries
D) To purchase gold on the international market
Answer: C

6. What is the voting power of member countries in the IMF based on?
A) The size of their population
B) The size of their economy
C) Their historical contribution to the IMF's financial resources
D) All of the above
Answer: D

7. Which of the following is a condition for a country to receive financial assistance from the IMF?
A) Demonstrating a commitment to economic reform
B) Having a high income per capita
C) Having a large trade surplus
D) Having a fixed exchange rate system
Answer: A

8. How does the IMF monitor the economic policies of its member countries?
A) Through regular country surveillance
B) Through the publication of research papers
C) Through an annual report on the global economy
D) Through the imposition of trade sanctions
Answer: A

9. Which of the following countries is not a member of the IMF?
A) China
B) Russia
C) North Korea
D) Brazil
Answer: C

10. What is the current Managing Director of the IMF?
A) Christine Lagarde
B) Kristalina Georgieva
C) Dominique Strauss-Kahn
D) Rodrigo Rato
Answer: B