Tag: international business

Questions Related to international business

Objective of IMF is to assist in the establishment of multilateral system of payments in respect of current transaction between member countries.

the wto and india world trade organisation international business commerce business studies

  1. True

  2. False

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Correct Option: A
Explanation:

Objective of IMF is to assist in the establishment of multilateral system of payments in respect of current transaction between member countries.

IMF provides machinery for international consultations.

the wto and india world trade organisation international business commerce business studies

  1. True

  2. False

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Correct Option: A

IMF acts as a __________ credit institution.

the wto and india world trade organisation international business commerce business studies

  1. long-term

  2. short-term

  3. both A & B

  4. neither A & B

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Correct Option: B

The full form of IDA is International Development Association. 

the wto and india world trade organisation international business commerce business studies

  1. True

  2. False

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Correct Option: A

Which among the following is a function of the IMF?

the wto and india world trade organisation international business commerce business studies

  1. Acting as short term credit institution

  2. Promoting orderly adjustment of exchange rate

  3. Lending institution of foreign currency and current transaction

  4. All of the above

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Correct Option: D
Explanation:

The functions of IMF are :

1: Acting as a short term credit institution
2: Promoting orderly adjustment of exchange rate
3: Lending instituions of foreign currency and current transaction.

The headquarters of the IMF is located in _______________.

the wto and india world trade organisation international business commerce business studies

  1. New York

  2. Los Angeles

  3. Washington D.C

  4. London

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Correct Option: C

Which among the following is not the major objectives of the IMF?

the wto and india world trade organisation international business commerce business studies

  1. Promote international monetary cooperation

  2. Promote balanced growth of international trade

  3. Promote weapons development in developing nations

  4. All of the above

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Correct Option: C
Explanation:

The major Objectives of IMF are 

1: to promote international monetary cooperation.
2: To promote balanced growth of international trade.

To promote weapons development in developing nations is not an objective of the IMF.