Tag: changing economic policies

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Questions Related to changing economic policies

Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

International Monetary Fund (IMF) was established in ______________.

  1. 1945

  2. 1956

  3. 1966

  4. 1976.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

IMF stands for International Monetary Fund. It was established in 1995. Headquarter of IMF is in Washington DC. It has 189 countries as members as of 2018. It is established to promote financial stability of the member countries.

Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

World Bank works with the primary focus of helping the _____________.

  1. poorest people

  2. poorest countries

  3. poorest industrially developed country

  4. poorest people and the poorest countries
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

World Bank is a financial institution that provide loans to its member countries. It mainly works with primary focus of helping the poorest people and the poorest countries. Encouragement of capital and environmental protection are other two objectives of the World Bank. It comprises two institutions: the International Bank for Reconstruction and Development, and the International Development Association.

Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

World Bank provides ___________ on reasonable terms to its member countries.

  1. long term investment loan

  2. short term investment loan

  3. infrastructure loan

  4. mid-term investment loan
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

World Bank is an financial institution which was founded in 1945 at Bretton Woods. The headquarter of World Bank is in Washington DC. The main function of World Bank is to provide long term investment loans to its member countries. It comprises of two institutions: the International Bank for Reconstruction and Development and the International Development Association.

Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

International Monetary Fund has recently rated India as the ___________ largest economy in the world.

  1. fifth

  2. sixth

  3. second

  4. tenth
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Economic rankings change frequently. At the time this question was likely drafted, India was often cited as the sixth-largest economy by nominal GDP.

Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

World Bank provides long-term investment loan to its _________ member countries at reasonable terms.

  1. 170

  2. 174

  3. 189

  4. 180
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

World Bank is an financial institution which was founded in 1945 at Bretton Woods. The headquarter of World Bank is in Washington DC. The main function of World Bank is to provide long term investment loans to its 189 member countries at reasonable terms. It comprises of two institutions: the International Bank for Reconstruction and Development and the International Development Association.

Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

International Bank for Reconstruction and Development (IBRD) is popularly known as _____________.

  1. International bank

  2. World bank

  3. Reconstruction Bank

  4. Bank of Development
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

IBRD stands for International Bank For Reconstruction and Development. It is set up in

  1. It is one of the organisations under the World Bank Group and is headquartered in Washington DC. It offers loans to middle-income developing countries for development and structural changes.
Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

Indian economy began economic reforms in the year ________.

  1. 2001

  2. 1992

  3. 1991

  4. 1980
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

New Economic Policy was adopted by Indian Government in 1991. Three main agenda of the new economic policy are- liberalization, privatization and globalization. Disinvestment and de-regulation are other sub agendas of NEP.