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39 questions · 1995–2025 · answers as per the UPSC key

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With reference to India, consider the following pairs : Organization I. The National Automotive Board : Ministry of Commerce and Industry II. The Coir Board : Ministry of Heavy Industries III. The National Centre for Trade Information : Ministry of Micro, Small and Medium Enterprises

How many of the above pairs are correctly matched?

(a) Only one
(b) Only two
(c) All the three
(d) None
Show answer
Answer: (d) None

Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD) : I. It provides loans and guarantees to middle income countries. II. It works single-handedly to help developing countries to reduce poverty. III. It was established to help Europe rebuild after the World War II.

Which of the statements given above are correct?

(a) I and II only
(b) II and III only
(c) I and III only
(d) I, II and III
Show answer
Answer: (c) I and III only

Consider the following statements :

Statement-I : If the United States of America (USA) were to default on its debt, holders of US Treasury Bonds will not be able to exercise their claims to receive payment.

Statement-II : The USA Government debt is not backed by any hard assets, but only by the faith of the Government.

Which one of the following is correct in respect of the above statements ?

(a) Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
(b) Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
(c) Statement-I is correct, but Statement-II is incorrect
(d) Statement-I is incorrect, but Statement-II is correct
Show answer
Answer: (a) Both Statement-I and Statement-II are correct and Statement-II explains Statement-I

“Rapid Financing Instrument” and “Rapid Credit Facility” are related to the provisions of lending by which one of the following ?

(a) Asian Development Bank
(b) International Monetary Fund
(c) United Nations Environment Programme Finance Initiative
(d) World Bank
Show answer
Answer: (b) International Monetary Fund

“Gold Tranche” (Reserve Tranche) refers to

(a) a loan system of the World Bank
(b) one of the operations of a Central Bank
(c) a credit system granted by WTO to its members
(d) a credit system granted by IMF to its members
Show answer
Answer: (d) a credit system granted by IMF to its members

The Global Competitiveness Report is published by the

(a) International Monetary Fund
(b) United Nations Conference on Trade and Development
(c) World Economic Forum
(d) World Bank
Show answer
Answer: (c) World Economic Forum

With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements :

  1. AIIB has more than 80 member nations.
  2. India is the largest shareholder in AIIB.
  3. AIIB does not have any members from outside Asia.

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Show answer
Answer: (a) 1 only

Which one of the following is not a sub-index of the World Bank's 'Ease of Doing Business Index'?

(a) Maintenance of law and order
(b) Paying taxes
(c) Registering property
(d) Dealing with construction permits
Show answer
Answer: (a) Maintenance of law and order

With reference to 'Quality Council of India (QCI)', consider the following statements :

  1. QCI was set up jointly by the Government of India and the Indian Industry.
  2. Chairman of QCI is appointed by the Prime Minister on the recommendations of the industry to the Government.

Which of the above statements is/are correct ?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Show answer
Answer: (c) Both 1 and 2

With reference to 'Asia Pacific Ministerial Conference on Housing and Urban Development (APMCHUD)', consider the following statements :

  1. The first APMCHUD was held in India in 2006 on the theme 'Emerging Urban Forms — Policy Responses and Governance Structure'.
  2. India hosts all the Annual Ministerial Conferences in partnership with ADB, APEC and ASEAN.

Which of the statements given above is/are correct ?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Show answer
Answer: (d) Neither 1 nor 2

The Global Infrastructure Facility is a/an

(a) ASEAN initiative to upgrade infrastructure in Asia and financed by credit from the Asian Development Bank.
(b) World Bank collaboration that facilitates the preparation and structuring of complex infrastructure Public-Private Partnerships (PPPs) to enable mobilization of private sector and institutional investor capital.
(c) Collaboration among the major banks of the world working with the OECD and focused on expanding the set of infrastructure projects that have the potential to mobilize private investment.
(d) UNCTAD funded initiative that seeks to finance and facilitate infrastructure development in the world.
Show answer
Answer: (b) World Bank collaboration that facilitates the preparation and structuring of complex infrastructure Public-Private Partnerships (PPPs) to enable mobilization of private sector and institutional investor capital.

Recently, which one of the following currencies has been proposed to be added to the basket of IMF's SDR?

(a) Rouble
(b) Rand
(c) Indian Rupee
(d) Renminbi
Show answer
Answer: (d) Renminbi

With reference to the International Monetary and Financial Committee (IMFC), consider the following statements :

  1. IMFC discusses matters of concern affecting the global economy, and advises the International Monetary Fund (IMF) on the direction of its work.
  2. The World Bank participates as observer in IMFC's meetings.

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Show answer
Answer: (c) Both 1 and 2

India's ranking in the 'Ease of Doing Business Index' is sometimes seen in the news. Which of the following has declared that ranking?

(a) Organization for Economic Cooperation and Development (OECD)
(b) World Economic Forum
(c) World Bank
(d) World Trade Organization (WTO)
Show answer
Answer: (c) World Bank

Consider the following statements :

  1. New Development Bank has been set up by APEC.
  2. The headquarters of New Development Bank is in Shanghai.

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Show answer
Answer: (b) 2 only

'Global Financial Stability Report' is prepared by the

(a) European Central Bank
(b) International Monetary Fund
(c) International Bank for Reconstruction and Development
(d) Organization for Economic Cooperation and Development
Show answer
Answer: (b) International Monetary Fund

Which one of the following issues the 'Global Economic Prospects' report periodically?

(a) The Asian Development Bank
(b) The European Bank for Reconstruction and Development
(c) The US Federal Reserve Bank
(d) The World Bank
Show answer
Answer: (d) The World Bank

Which of the following organizations brings out the publication known as 'World Economic Outlook'?

(a) The International Monetary Fund
(b) The United Nations Development Programme
(c) The World Economic Forum
(d) The World Bank
Show answer
Answer: (a) The International Monetary Fund

Regarding the International Monetary Fund, which one of the following statements is correct?

(a) It can grant loans to any country
(b) It can grant loans to only developed countries
(c) It grants loans to only member countries
(d) It can grant loans to the central bank of a country
Show answer
Answer: (c) It grants loans to only member countries

Consider the following countries:

  1. Brazil
  2. Mexico
  3. South Africa According to UNCTAD, which of the above is/are categorized as “Emerging Economies”?
(a) 1 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Show answer
Answer: (d) 1, 2 and 3

Which one of the following is not related to United Nations?

(a) Multilateral Investment Guarantee Agency
(b) International Finance Corporation
(c) International Centre for Settlement of Investment Disputes
(d) Bank for International Settlements
Show answer
Answer: (d) Bank for International Settlements

Which of the following is/are treated as artificial currency?

(a) ADR
(b) GDR
(c) SDR
(d) Both ADR and SDR
Show answer
Answer: (c) SDR

The International Development Association, a lending agency, is administered by the

(a) International Bank for Reconstruction and Development
(b) International Fund for Agricultural Development
(c) United Nations Development Programme
(d) United Nations Industrial Development Organization
Show answer
Answer: (a) International Bank for Reconstruction and Development

Which one of the following brings out the publication called "Energy Statistics" from time to time ?

(a) Central Power Research Institute
(b) Planning Commission
(c) Power Finance Corporation Ltd.
(d) Central Statistical Organization
Show answer
Answer: (d) Central Statistical Organization

In the context of global economy,

which one of the following pairs is not correctly matched ?

(a) JP Morgan Chase : Financial Services
(b) Roche Holding AG : Financial Services
(c) WL Ross & Co. : Private Equity Firm
(d) Warburg Pincus : Private Equity Firm
Show answer
Answer: (b) Roche Holding AG : Financial Services

India is a member of which of the following?

  1. Asian Development Bank
  2. Asia-Pacific Economic Cooperation
  3. Colombo Plan
  4. Organization for Economic Cooperation and Development (OECD)

Select the correct answer using the code given below:

(a) 1 and 3 only
(b) 2 and 4 only
(c) 1, 2 and 3 only
(d) 1, 2, 3 and 4
Show answer
Answer: (a) 1 and 3 only

How is the United Nations Monetary and Financial Conference wherein the agreements were signed to set up IBRD, GATT and IMF, commonly known?

(a) Bandung Conference
(b) Bretton Woods Conference
(c) Versailles Conference
(d) Yalta Conference
Show answer
Answer: (b) Bretton Woods Conference

Who among the following served as the Chief Economist of the International Monetary Fund?

(a) Ashok Lahiri
(b) Sumantra Ghosal
(c) Saumitra Chaudhuri
(d) Raghuram Rajan
Show answer
Answer: (d) Raghuram Rajan

Consider the following statements :

  1. Poverty Reduction and Growth Facility (PRGF) has been established by the International Development Association (IDA) to provide further assistance to low-income countries facing high level of indebtedness.
  2. Singapore Regional Training Institute (STI) is one of the institutes that provide training in macroeconomics analysis and policy, and related subjects as a part of programme of the IMF Institute.

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Show answer
Answer: (b) 2 only

"World Development Report" is an annual publication of

(a) United Nations Development Programme
(b) International Bank of Reconstruction and Development
(c) World Trade Organisation
(d) International Monetary Fund
Show answer
Answer: (b) International Bank of Reconstruction and Development

The theme of the World Development Report, 2001 is

(a) From Plan to Market
(b) Knowledge for Development
(c) Attacking Poverty
(d) The State in the Changing World
Show answer
Answer: (c) Attacking Poverty

Consider the following organisations:

I. International Bank for Reconstruction and Development II. International Finance Corporation III. International Fund for Agricultural Development IV. International Monetary Fund

Which of these are agencies of the United Nations?

(a) I and II
(b) II and III
(c) III and IV
(d) I, II, III and IV
Show answer
Answer: (d) I, II, III and IV

Match List I with List II

and select the correct answer using the codes given below the Lists:

List I (Publisher) I. Ministry of Industry II. Central Statistical Organisation III. Reserve Bank of India IV. Ministry of Finance

List II (Publication) A) Report on Currency and Finance B) Economic Survey C) Wholesale Price Index D) National Accounts Statistics

(a) I-D, II-C, III-B, IV-A
(b) I-C, II-D, III-A, IV-B
(c) I-D, II-C, III-A, IV-B
(d) I-C, II-D, III-B, IV-A
Show answer
Answer: (b) I-C, II-D, III-A, IV-B

Match List I with List II

and select the correct answer using the codes given below the Lists:

List I I. Development Programme II. National Council of Applied Economic Research III. Indira Gandhi Institute of Development Research IV. World Bank

List II A) UN India Human Development Report B) India Development Report C) World Development Report D) Human Development Report

Codes:

(a) I-D, II-A, III-B, IV-C
(b) I-D, II-B, III-A, IV-C
(c) I-B, II-C, III-D, IV-A
(d) I-B, II-A, III-D, IV-C
Show answer
Answer: (b) I-D, II-B, III-A, IV-C

Which one of the following countries occupies the first place in the “Global Competitive Report” of World Economic Forum?

(a) USA
(b) Singapore
(c) Hong Kong
(d) France
Show answer
Answer: (b) Singapore

Match List I with List II

and select the correct answer using the codes given below the Lists:

List I I. WTO II. IDA III. IMF IV. IBRD

List II A) Provides loans to address short-term balance of payment problems B) Multi-lateral trade negotiation body C) Sanction of soft loans D) Facilitating lending and borrowings for reconstruction and development

(a) I-B, II-C, III-D, IV-A
(b) I-B, II-C, III-A, IV-D
(c) I-C, II-B, III-D, IV-A
(d) I-C, II-B, III-A, IV-D
Show answer
Answer: (b) I-B, II-C, III-A, IV-D

According to the World Development Report, low-income economies are those for which the per capita GNP in 1994 was

(a) US $ 925 or less
(b) US $ 825 or less
(c) US $ 725 or less
(d) US $ 525 or less
Show answer
Answer: (c) US $ 725 or less

Consider the following statements: Most international agencies which fund development programmes in India on inter-governmental bilateral agreements mainly provide I. Technical assistance. II. Soft loans which are required to be paid back with interest. III. Grants, not required to be paid back. IV. Food assistance to alleviate poverty. Of these statements —

(a) I and IV are correct
(b) I, II and III are correct
(c) I, II and IV are correct
(d) III and IV are correct
Show answer
Answer: (b) I, II and III are correct

Which of the following constitute the World Bank? I. International Bank for Reconstruction and Development II. International Finance Corporation III. International Development Association IV. International Monetary Fund

Choose the correct answer from the codes given below:

(a) I, II and III
(b) I and II
(c) III and IV
(d) I, II, III and IV
Show answer
Answer: (a) I, II and III