Classical

International Business - International Business MCQ

46:  

DFEC Stand for

A.

Direct Foreign Exchange Control

B.

Direct Finance Exchange Control

C.

Duty Free Export Credit

D.

Duty Free Exchange Credit

 
 

Option: C

Explanation :


47:  
The IMF holds substantial resources in member's currencies and SDRs, as a result of
A.

It borrowings from the World Bank

B.

Members' payments of subscriptions

C.

Borrowings from the developed countries

D.

None of the above

 
 

Option: B

Explanation :


48:  

A member in IMF, has a reserve tranche position in the IMF to the extent that its quota exceeds

A.

The borrowings of its currency in IMF

B.

The IMP's holdings of its currency in the special disbursement account

C.

The IMF's holding of its currency in the General Resources

D.

None of the above

 
 

Option: C

Explanation :


49:  

An international reserve asset created by the IMF taking into account the global need to supplement existing reserves is called

A.

Quota

B.

International Monetary Right

C.

Special Drawing Rights

D.

None of the above

 
 

Option: C

Explanation :


50:  

The IMF derives its finances from

A.

Resources in the General Resources Account

B.

Resources in the Special Disbursement Account

C.

Resources in the ESAF Trust

D.

All of the above

 
 

Option: D

Explanation :




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