12 Role of IMF in World Monetary System

Manpreet Arora

 

QUADRANT-IV

 

Self- Assessment

 

Pick the correct Answer.

 

1. IMF started its functioning in the year.

a) 1945

b) 1946

c) 1949

d) 1950

 

2. The Headquarters of IMF is situated at which place?

a)  Geneva

b)  London

c)  Washington DC

d)  Paris

 

3. The Member nations of IMF have to keep up funds in the form of a currency reserve units called as:

a) ADR

b) GDR

c) SDR

d) None of these

 

4. IMF keeps a check on the member economies by regularly consulting the member nations.

This is known as.

a) Surveillance

b) Vigilance

c) Consultancy

d) Training

 

5. If some economies face shocks due to negative economic conditions prevalent in the economy Then the member nations can apply for which type of loan ?

a) Extended Fund Facility

b) Supplemental Reserve Facility

c) Emergency assistance loans

d) Exogenous Shocks Facilityloans

  1. State whether true or false-
  2. IMF enters into “Stand by Arrangements” with member countries. (TRUE)
  3. Member countries are assigned a quota which is based on the choice of the economy. (FALSE).
  4. IMF has started various  special financial assistance schemes for  low income countries.(TRUE)
  5. Every growing economy is characterized by dynamic market economy which certain degree of volatility leading to gradual structural changes. (TRUE)
  6. World Economic Outlook is published by RBI. (FALSE).