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Questions Related to history

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

Which of these is not the function of World Bank?

  1. To arbitrate on international trade disputes.

  2. To help the member countries in the reconstruction and development of their countries.

  3. To encourage private foreign investment and credit by guaranteeing repayment.

  4. To promote long term balanced growth of international trade.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Arbitration on international disputes is not a function of World Bank. It is performed by WTO. World bank serves for the economic development of its member countries.

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

Which is not the function of IMF?

  1. To provide mechanism for orderly adjustment of exchange rate.

  2. To provide mechanism for international consultation.

  3. To provide forum for settlement of international trade disputes.

  4. To act as a reservoir of the currencies of all the member countries
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The IMF's primary functions include monitoring exchange rates and providing short-term financial assistance. The settlement of international trade disputes is the primary function of the World Trade Organization (WTO).

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

IFC stands for ______, with regards to World Bank group.

  1. Indian Financial Corporation

  2. International Finance Corporation

  3. International Finance Commission

  4. Investment Finance Corporation
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

IFC stands for International Finance Corporation. It is a member of World Bank Group. It provides advisory and investment services to its member countries to uplift the private sector involvement in the global economy.

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 is also known as ________.

  1. IMF

  2. World Bank

  3. Federal Bank

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

International Bank for Reconstruction and Development is one of the member of World Bank Group. It was set up in 1944. It offers loans to middle-income developing countries. The headquarter of IBRD is situated in Washington DC, USA.

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

India is a recipient of loan from which of these agencies?

  1. World Bank

  2. IMF

  3. IDA

  4. All the the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

India has historically received financial assistance and loans from both the World Bank (IBRD) and its concessional lending arm, the IDA. While the IMF typically provides balance-of-payments support, it is also a source of financial assistance.

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

SDR is the currency of IMF, which is also called as __________.

  1. white gold

  2. book keeping entry only

  3. paper gold

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

SDR is the currency of IMF. SDR stands for Special Drawing Rights. This refers to supplementary foreign-exchange reserve. It is also known as paper gold. It is maintained by International Monetary Fund.

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

Some of the economic policies of Government are?

  1. Industrial policy

  2. Fiscal policy

  3. Tariff policy

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Economic policies of Government are formed for maintaining the stability of the economy. They are also formed to ensure economic development. Some of the economic policies of Government are:

1) Industrial policy which is required to control the function of industries in a country.

2) Fiscal policy is formed to maintain the money flow in the economy.

3) Tariff Policy is formed to check the tax and tariff obtained from the trade in the economy.
Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

Imports growth in pre crisis (1991) period was _________ than that in post crisis period.

  1. more

  2. less

  3. equal

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Import growth in pre crisis( 1991 ) period was less than that in post crisis period since New Economic Policy was introduced in India in 1991, which resulted downfall of import growth. Import refers to the goods and services brought in from the abroad.