International Monetary Fund (IMF) level-1 Multiple Questions and Answers.




6.Which of the following is not the objective of the IMF?
A. To promote international monetary cooperation
B. To ensure balanced international trade
C. To ensure exchange rate stability
D. To provide loan to private sectors

7.Which of the following statement is NOT correct about the quota at the IMF?
A. Voting power in the IMF is based on a quota system
B. USA has highest quota in the IMF
C. Germany has third highest quota in the IMF
D. All of above

8.If the Balance of Payment of a country is adverse, then which institution will help that country?
A. World Bank
B. World Trade Organization
C. International Monetary Fund
D. Asian Development Bank

9.Which of the following currency is not included in the calculation of SDR value?
A. Yen
B. Yuan
C. Rupee
D. Pound sterling

10.Which of the following is known as the Paper Gold?
A. US Dollar
B. Pound
C. Demand draft
D. Special Drawing Right

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