#1
Which of the following is not an International Financial Institution (IFI)?
Federal Reserve System (Fed)
ExplanationThe Federal Reserve System is the central banking system of the United States and is not an international financial institution.
#2
The headquarters of the International Monetary Fund (IMF) is located in which city?
Washington D.C., USA
ExplanationThe IMF's headquarters is located in Washington D.C., USA.
#3
What is the primary purpose of the International Monetary Fund (IMF)?
Stabilize exchange rates and assist with balance of payments
ExplanationThe IMF's main objectives include stabilizing exchange rates and assisting countries in achieving balance of payments stability.
#4
Which International Financial Institution (IFI) focuses on poverty reduction and long-term sustainable development?
World Bank
ExplanationThe World Bank is dedicated to reducing poverty and promoting sustainable development.
#5
The 'Group of Seven' (G7) comprises of which countries?
United States, United Kingdom, Germany, Japan, France, Italy, Canada
ExplanationThe G7 consists of the United States, United Kingdom, Germany, Japan, France, Italy, and Canada.
#6
Which of the following statements about the International Finance Corporation (IFC) is true?
It focuses on providing financial services to small and medium-sized enterprises in developing countries.
ExplanationThe IFC's primary focus is on providing financial services to SMEs in developing countries.
#7
Which International Financial Institution (IFI) provides financing for infrastructure and other development projects in Asia-Pacific region?
Asian Infrastructure Investment Bank (AIIB)
ExplanationThe AIIB focuses on financing infrastructure and development projects in the Asia-Pacific region.
#8
Which International Financial Institution (IFI) is known as the 'lender of last resort' for countries facing financial crises?
International Monetary Fund (IMF)
ExplanationThe IMF acts as the 'lender of last resort' for countries facing financial crises.
#9
Which International Financial Institution (IFI) is responsible for promoting economic cooperation and development in the Middle East and North Africa region?
Islamic Development Bank (IsDB)
ExplanationThe IsDB focuses on promoting economic cooperation and development in the Middle East and North Africa region.