Practice Quiz :- 34


1. Which of the following is entrusted with the task of receiving all money on behalf of the Government as also with the task of making payments on their behalf?
a) State Bank of India
b) Reserve Bank of India
c) Ministry of Finance
d) Union Parliament

Ans.b) Reserve Bank of India

2. When was the International Monetary Fund (IMF) established?
a) 1944
b) 1945
c) 1948
d) 1950
3. Decision taken at Bretton Woods Conference led to the formation of
a) IDA
b) IMF
c) ADB
d) IFC
4. The International Bank for Reconstruction and Development (IBRD) is better known as
a) World Bank
b) Asian Development Bank
c) IMF
d) It is known by its name

Ans.a) World Bank

5. Which sister organization of the World Bank provides long term loans at zero interest to the poorest developing countries?
a) Asian Development Bank
b) IMF
c) International Developmental Association
d) International Finance Corporation

Ans.c) International Developmental Association

6. The International Finance Corporation (IFC) was established in?
a) 1956
b) 1972
c) 1985
d) 1960
7. Where is the headquarters of Asian Development Bank (ADB) situated?
a) Manila
b) Delhi
c) Bangkok
d) Hong Kong
8. Which sister organization of the World Bank helps private activity in developing countries by financing projects with long-term capital in the form of equity and loans?
a) Asian Development Bank
b) IMF
c) International Developmental Association
d) International Finance Corporation

Ans.d) International Finance Corporation

9. Who is known as the ‘Father of Economics’?
a) Adam Smith
b) Chanakya
c) Machiavelli
d) None of these

Ans.a) Adam Smith

10. Which was the first Indian Bank to introduce credit card?
a) Central Bank of India
b) Imperial Bank of India
c) State Bank of India
d) ICICI

Ans.a) Central Bank of India