#1
What is the primary function of the World Bank?
Providing financial assistance for development projects
ExplanationFinancial assistance for development projects.
#2
Which global financial organization focuses on providing financial and technical assistance for development projects in Asia?
Asian Development Bank (ADB)
ExplanationFinancial and technical assistance for development projects in Asia.
#3
Which global financial organization is responsible for providing financial assistance to countries in need?
International Monetary Fund (IMF)
ExplanationFinancial assistance to countries in need.
#4
Which financial organization focuses on fostering economic cooperation and development among European countries?
European Bank for Reconstruction and Development (EBRD)
ExplanationFostering economic cooperation and development in Europe.
#5
Which financial organization primarily focuses on supporting projects related to climate change, renewable energy, and environmental sustainability?
Green Climate Fund (GCF)
ExplanationSupporting climate change, renewable energy, and environmental projects.
#6
In the context of global financial organizations, what does the term 'SDR' stand for?
Special Drawing Rights
ExplanationSpecial Drawing Rights.
#7
What is the primary function of the Financial Stability Board (FSB) in the global financial system?
Monitoring and making recommendations about the global financial system
ExplanationMonitoring and recommending actions for the global financial system.
#8
Which global financial organization focuses on providing financial assistance and support to the world's poorest countries?
International Fund for Agricultural Development (IFAD)
ExplanationFinancial assistance to the world's poorest countries.
#9
What is the primary objective of the International Monetary Fund (IMF)?
Maintaining global economic stability
ExplanationMaintaining global economic stability.
#10
What is the primary role of the Bank for International Settlements (BIS) in the global financial system?
Facilitating cooperation among central banks
ExplanationFacilitating cooperation among central banks.
#11
Which international financial institution is responsible for providing long-term loans to middle-income countries for development projects?
Inter-American Development Bank (IDB)
ExplanationLong-term loans for development projects in middle-income countries.
#12
What is the primary goal of the Basel Committee on Banking Supervision?
Ensuring financial stability and sound banking supervision globally
ExplanationEnsuring global financial stability and sound banking supervision.
#13
In the context of the International Monetary Fund (IMF), what does the term 'Article IV consultation' refer to?
Assessing member countries' economic policies
ExplanationAssessment of member countries' economic policies.
#14
Which global financial organization is responsible for overseeing the global monetary system and ensuring stability in international exchange rates?
International Monetary Fund (IMF)
ExplanationOverseeing global monetary system and ensuring exchange rate stability.