Classical

International Business - International Business MCQ

36:  

SDR's are popularly known as

A.

Currency Notes

B.

Paper Gold

C.

Silver Coin

D.

Gold Coin

 
 

Option: B

Explanation :


37:  
Each member of IMF, is assigned a quota expressed in
A.

Member country's currency

B.

Dollar

C.

Special Drawing Rights

D.

None of the above

 
 

Option: C

Explanation :


38:  
Every member of the IMF is required to subscribe to the fund an amount
A.

Equivalent to its quota

B.

More than its quota

C.

Less than its quota

D.

Equivalent to its borrowings

 
 

Option: A

Explanation :


39:  
In IMF, the Executive Board appoints the Fund's Managing Director who serves as
A.

Chairman of Executive Board

B.

Chief of the operating staff of Fund

C.

Both (A) and (B)

D.

Auditor to the Fund

 
 

Option: C

Explanation :


40:  

By which account of the IMF all its business in national currencies is conducted?

A.

General Account

B.

Special disbursement account

C.

World Bank Account

D.

Drawing Account

 
 

Option: A

Explanation :




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