Economy Financial Institutions MCQ (Set–1) 1. A financial institution mainly facilitates which of the following? Agricultural production Monetary transactions Judicial services Military operations 2. Which among the following is an example of a monetary transaction? Voting Teaching Deposits Farming 3. Financial institutions help consumers to: Manage earnings effectively Manufacture goods Conduct elections Produce crops 4. Which organization is one of the world’s largest sources of funding and knowledge for developing countries? WTO IMF World Bank Group UNESCO 5. The World Bank was created at the: Geneva Conference Bretton Woods Conference Bandung Conference Paris Summit 6. In which year was the Bretton Woods Conference held? 1939 1940 1944 1950 7. Which institution was created along with the World Bank? WTO IMF ASEAN SAARC 8. What is the full form of IBRD? International Bureau for Reconstruction and Development Indian Bank for Rural Development International Board for Regional Development International Bank for Reconstruction and Development 9. IBRD is headquartered in: London Paris Washington, D.C. Geneva 10. BRD is known as the ______ arm of the World Bank Group. Insurance Lending Trading Agricultural 11. In which year was IBRD established? 1944 1955 1960 1972 12. What is the full form of IDA? International Development Agency International Development Association Indian Development Association International Deposit Agency 13. IDA mainly provides assistance to: Developed countries Oil-producing countries Poorest developing countries European nations 14. IDA offers: Space technology Concessional loans and grants Defence equipment Currency printing 15. Which institution encourages private sector growth in developing countries? IFC WHO UNICEF APEC 16. What is the full form of IFC? International Financial Corporation International Finance Corporation Indian Finance Corporation International Fiscal Committee 17. IFC is a member of: ASEAN IMF World Bank Group OPEC 18. MIGA provides: Political risk insurance Free trade agreements Space research Tax collection 19. What is the full form of MIGA? Monetary Investment Guarantee Association Multinational Investment Growth Agency Multilateral Investment Guarantee Agency Multilateral International Grant Agency 20. MIGA was founded on: 15 August 1947 12 April 1988 1 January 1990 26 January 1950 21. ICSID deals with: Agricultural disputes Educational reforms Investment disputes Environmental protection 22. What is the full form of ICSID? International Centre for Settlement of Investment Disputes International Council for Security and Investment Development Indian Centre for Settlement of Industrial Disputes International Committee for Social Investment Development 23. ICSID was established in: 1945 1952 1966 1988 24. IMF stands for: International Monetary Fund International Market Federation Indian Monetary Fund International Management Forum 25. IMF promotes: Space research Global economic growth and financial stability Military cooperation Tourism only 26. The IMF was originally created in: 1935 1945 1955 1965 27. IMF encourages: International trade Local isolation Currency ban Population control 28. ADB stands for: Asian Development Bank African Development Bank American Development Bank Asian Deposit Bank 29. The Asian Development Bank was established on: 19 December 1966 15 August 1947 1 January 1950 2 October 1960 30. The headquarters of ADB is located in: Tokyo Beijing Metro Manila, Philippines Bangkok 31. NDB stands for: National Development Bank Nordic Development Bank New Deposit Bank New Development Bank 32. The New Development Bank was established in: 2001 2008 2014 2020 33. Which of the following countries is a founding member of NDB? India Nepal Japan Pakistan 34. The headquarters of NDB is situated in the following: New Delhi Moscow Shanghai Brasília 35. Which group of countries founded the New Development Bank? SAARC Nations G7 Nations ASEAN Countries BRICS Nations Your score is Restart quiz Send feedback