International Monetary Fund (IMF) Questions And Answers.

1.Which of the following statement is not true about the International Monetary Fund?
A. IMF was established along with the word bank
B. IMF is the result of the Bretton Woods conference
C. Christine Lagarde is the current Chief Executive Officer of the IMF
D. Currently 193 countries are the members of the IMF

2.When was IMF established?
A. Dec. 27,1945
B. Jan. 30, 1947
C. Jan.1, 1946
D. Sept. 24, 1947

3.Which of the following statement is NOT correct regarding the membership of the IMF?
A. Currently its membership is 189
B. All "member countries" of the IMF are members of the United Nations
C. All member countries of the IMF are not sovereign states
D. Nauru is the latest member of the IMF

4.The value of Special Drawing Right (SDR) is determined by the basket of ......currencies?
A. 4
B. 5
C. 6
D. 7

5.Which of the following currency has largest weightage in the determination of the value of the SDR?
A. Japanese Yen
B. Euro
C. US Dollar
D. British Pound