IMF PYQs - Political Science Coaching Centre

The International Monetary Fund (IMF) has a Board of Governors, which functions as the highest decision-making body of the institution. This board can be seen as analogous to a general assembly in that it comprises representatives from all member countries. Typically, each member state is represented by its finance minister or the head of its central bank.

The Board of Governors meets once a year, during the IMF and World Bank Annual Meetings, to make major decisions on the policies of the IMF. Although it holds significant power, most of the routine decisions and operations are delegated to the Executive Board, which meets regularly and is responsible for the day-to-day work of the IMF.

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2. Structural Adjustment Programme (SAP) was initially mooted by (SLET 17th March 2024)

(A) P. V. Narsimha Rao

(B) Dr. Manmohan Singh

(D) IMF and World Bank

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3. IMF and World Bank were founded in which Conference? (SLET 17th March 2024)

(A) Bretton Woods Conference

(B) Third World Summit

(D) Washington Conference

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4. Given below are two statements, one labelled as Assertion (a) and the other labelled as Reason (r). Read the statements and choose the correct answer from the codes given below: (JAMMU & KASHMIR SET October 2023)

Assertion (a): The International Monetary Fund (IMF) provides financial assistance, policy advice and technical assistance to member countries

Reason (r): The primary goal of the International Monetary Fund (IMF) is to promote global economic stability and growth.

(A) Both (a) and (r) are true and (r) is correct explanation of (a)

(B) Both (a) and (r) are true but (r) is not correct explanation of (a)

(D) (a) is false, but (r) is true

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5. The International Monetary Fund (IMF) is a major financial agency of the United Nations. Identify the correct statement about IMF; (JAMMU & KASHMIR SET October 2023)

(I) IMF consists of 119 countries and a European Union

(II) IMF is an international financial institution, headquartered in Washington, D.C.

(III) IMF came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system.

(IV) The IMF is regarded as the global lender of last resort.

Choose the correct answer from the code given below:

(A) (i),(II) and (III).

(B) (II), (III) and (IV)

(D) (I),(II), (III) and (IV)

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6. The International Monetary Fund was established in the year (Jadavpur University B.A 2022)

i. 1944

ii. 1945

iii. 1946

iv. 1947

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7. What is the main role of the IMF? (DU MA 2021)

1. To ensure a stable exchange rate regime and provide emergency assistance to countries facing crises in balance of payments

2. To be a forum for trade and liberalization

3. To assist countries in development

4. To facilitate private investment around the world

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8. The policy of structural adjustment was initially mooted by:- (DU MA 2018)

1. Dr. Manmohan Singh

2. Third World Countries

3. United States and other developed countries

4. IMF and World Bank

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9. Assertion (A): The Structural Adjustment Programme (SAP) encourages state spending and budget deficit to spur growth.

Reason (R): The IMF wants to ensure that money lent to a country is not spent for politically popular purposes but it is spent for purposes without economically profitable motives.

(KERALA SET 2022 JANUARY)

A) Both A and R are true and R is the correct explanation of A.

B) Both A and R are true and R is not the correct explanation of A.

C) A is true but R is false.

D) A is false but R is true.

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10. Which among the following is not the purpose and functions of IMF? (KARNATAKA SET 2015 PAPER III)

(A) Exchange rate stability

(B) Create more employment opportunity

(D) Promote international economic cooperation

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11. Which among the following agreement that laid the foundations for the creation of the IMF and the World Bank? (KARNATAKA SET 2015 PAPER II)

(A) The Geneva Agreement

(B) The Bretton Woods Agreement

(D) The Dayton Agreement

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12. Which among the following organization does not play a role in protecting and promoting of human rights? (GUJARAT SET DECEMBER 2003)

(A) ‘Amnesty International'

(B) ‘Green Peace'

(D) ‘National Human Rights Commission'

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13. Given below are two statements: (NET March 2023 Shift I)

Statement (I): Both IMF and IBRD have headquarters in Washington.

Statement (II): India's vote share in IMF is 10%.

In the light of the above statements, choose the most appropriate answer from the options given below:

1. Both Statement (I) and Statement (II) are correct

2. Both Statement (I) and Statement (II) are incorrect

3. Statement (I) is correct but Statement (II) is incorrect

4. Statement (I) is incorrect but Statement (II) is correct

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14. During which of the following years did India NOT borrow loan from the International Monetary Fund? (MAHARASHTRA SET 2021 PAPER II)

(A) 1961 – during Second Five Year Plan

(B) 1981 – after the return of Mrs. Gandhi to Power

(D) 2007 – during the worldwide financial crisis

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15. How does a change in voting share decided in IMF? (KERALA SET 2019 FEBRUARY)

A) By simple majority

B) By Special Majority

C) By Super majority

D) By special majority with veto power

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16. IMF provides loans to (University of Hyderabad M.A. 2013)

A) fight terrorism

B) improve agriculture

C) tide over balance of payment problems

D) empower women

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17. The Headquarters of IMF is in: (JMI M.A. 2017)

A) New York

B) Geneva

C) Brussels

D) Washington DC.

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18. When did the IMF start functioning? (BSTET 2024)

1. 1945

2. 1946

3. 1947

4. 1948

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19. Where is the headquarters of IMF located? (BSTET 2024)

1. Geneva

2. London

3. Paris

4. Washington D. C

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20. Which are the institutions that are part of Washington Consensus? (NET March 2023 Shift II)

A. International Monetary Fund

B. World Bank

C. World Trade Organization

D. U.S. Treasury Department

Choose the correct answer from the options given below:

1. B, C and A only.

2. A, B and D only.

3. C, D and A only.

4. D, B and C only.

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21. Which of the following statement is true about International Monetary Fund (IMF)? (NET June 2020 Paper II)

(A) The IMF is not created by the Bretton Woods Agreement

(B) Its functions is to ensure exchange rate stability

(D) The IMF is not a specialized agency of the UN

Choose the correct answer from the options given below:

(a) (A) and (B) only

(b) (C) only

(d) (A) and (D) only

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22. Assertion (A): The Structural Adjustment Programme encourages state spending and budget deficit to spur growth

Reason (R): The IMF wants to ensure that money lent to a country is not spent for politically popular purposes but it is spent for purposes without economically profitable motives.

(KERALA SET 2021 JULY)

A) Both A and R are true and R is the correct explanation of A

B) Both A and R are true but R is not the correct explanation of A

C) A is true but R is false

D) A is false but R is true

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23. Arrange chronologically the following International Organisations: (NET August 2024 Shift I)

(A) World Trade Organisations (WTO)

(B) North Atlantic Treaty Organisation (NATO)

(D) G-20

(E) South Asian Association for Regional Cooperation (SAARC)

Choose the correct answer from the options given below:

(1) (C), (B), (A), (E), (D)

(2) (C), (B), (E), (A), (D)

(3) (B), (C), (E), (A), (D)

(4) (C), (B), (D), (A), (E)

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24. The model of transition in Russia, Central Asia and East Europe that was influenced by World Bank and the IMF came to be known as: (CUET UG 2024)

(1) Current Therapy

(2) Shock Therapy

(3) Fiscal Therapy

(4) Glasnost

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25. What is the correct chronological sequence of the below? (NET June 2010 Paper II)

Choose the right answers from codes:

(i) The Atlantic Charter

(ii) Bretton Woods Conference

(iii) Casablance Conference

(iv) Yalta Conference

Codes:

(A) (i), (iii), (ii), (iv)

(B) (iv), (ii), (iii), (i)

(D) (iii), (i), (iv), (ii)

The correct chronological sequence of the events is:

The Atlantic Charter (August 1941): A joint declaration by the U.S. and the UK outlining the Allied goals for the post-war world during World War II.
Casablanca Conference (January 1943): A meeting between Winston Churchill and Franklin D. Roosevelt to discuss the next phase of the war.
Bretton Woods Conference (July 1944): A conference that established the Bretton Woods system of monetary management, creating the International Monetary Fund (IMF) and the World Bank.
Yalta Conference (February 1945): A meeting between Churchill, Roosevelt, and Stalin to discuss post-war reorganization.

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26. Which of the following resulted from Bretton Woods Conference? (NET June 2012 Paper II)

(a) United Nations

(b) League of Nations

(d) World Bank and IMF

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27. Structural adjustment programmes require that (NET December 2012 Paper III)

(a) Governments of poor countries should adopt privatization and other 'liberalizing' measures.

(b) States with weak economies should redistribute more resources to the poor.

(d) Ministers in under-performing countries should go on diets and keep fit.

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28. Match List I with List II and select the correct answer: (WEST BENGAL SET 2015)

(A)

(B)

(C)

(D)

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