Pakistan’s Relations with International Financial Institutions (IMF, World Bank) 50 Score: 0 Attempted: 0/50 Subscribe 1. : When did Pakistan first become a member of the International Monetary Fund (IMF)? (A) 1947 (B) 1950 (C) 1960 (D) 1971 2. : Which international financial institution has Pakistan frequently approached for financial assistance? (A) World Trade Organization (B) World Bank (C) IMF (D) Asian Development Bank 3. : What is the main purpose of the IMF’s assistance to Pakistan? (A) Promote tourism (B) Support balance of payments and economic reforms (C) Develop infrastructure (D) Provide military aid 4. : Which institution provided Pakistan with structural adjustment programs in the 1980s and 1990s? (A) World Bank (B) IMF (C) Asian Development Bank (D) United Nations 5. : The World Bank primarily assists Pakistan with: (A) Balance of payments support (B) Long-term development projects and poverty reduction (C) Monetary policy guidance (D) Trade sanctions 6. : Which city hosts the headquarters of the IMF? (A) New York (B) Washington, D.C. (C) London (D) Geneva 7. : Pakistan’s current IMF program is generally aimed at: (A) Currency devaluation only (B) Economic stabilization and fiscal discipline (C) Increasing exports only (D) Military expenditure 8. : Which Pakistani institution negotiates IMF programs? (A) Ministry of Finance (B) State Bank of Pakistan (C) Ministry of Commerce (D) Pakistan Customs 9. : The World Bank classifies Pakistan as a: (A) Low-income country (B) Upper-middle-income country (C) High-income country (D) Developing country 10. : IMF’s Extended Fund Facility (EFF) is designed to: (A) Provide short-term loans (B) Support medium-term structural reforms (C) Fund humanitarian aid (D) Finance infrastructure projects 11. : Pakistan’s recent IMF program was signed in which year? (A) 2015 (B) 2018 (C) 2021 (D) 2023 12. : Which sector benefits the most from World Bank loans in Pakistan? (A) Defense (B) Education and health (C) Military (D) Tourism 13. : The World Bank provides Pakistan with: (A) Grants only (B) Loans and technical assistance (C) Military aid (D) Currency reserves 14. : IMF programs usually require Pakistan to implement: (A) Fiscal austerity and reforms (B) Increase subsidies (C) Increase military spending (D) Increase imports 15. : Pakistan’s debt to the IMF is classified under: (A) External debt (B) Domestic debt (C) Bilateral aid (D) None of these 16. : Which Pakistani Prime Minister signed an IMF loan agreement in 2019? (A) Nawaz Sharif (B) Imran Khan (C) Benazir Bhutto (D) Shahid Khaqan Abbasi 17. : The World Bank Group consists of: (A) IMF and World Bank (B) Five institutions including IBRD and IDA (C) Only IDA (D) WTO and IMF 18. : The IMF’s role includes: (A) Financing military aid (B) Monitoring global financial stability and providing economic advice (C) Organizing trade fairs (D) Managing elections 19. : Pakistan’s current account deficit is often financed through: (A) Foreign remittances only (B) IMF and foreign loans (C) Domestic borrowing only (D) Tax revenue 20. : What does the World Bank use to measure Pakistan’s development progress? (A) GDP only (B) Human Development Index and poverty rates (C) Stock market indices (D) Military strength 21. : Which of the following is NOT a condition typically attached to IMF loans? (A) Reducing budget deficits (B) Increasing subsidies (C) Improving tax collection (D) Structural reforms 22. : Which Pakistani ministry works closely with the World Bank? (A) Ministry of Finance (B) Ministry of Planning, Development & Special Initiatives (C) Ministry of Defense (D) Ministry of Interior 23. : The IMF helps Pakistan by providing: (A) Technical assistance, policy advice, and financial support (B) Military equipment (C) Agricultural subsidies (D) Tourism promotion 24. : Which of the following is a major criticism of Pakistan’s IMF programs? (A) Excessive military spending (B) Austerity measures affecting poor people (C) Too much social spending (D) Overvalued currency 25. : Which World Bank facility provides concessional loans to Pakistan? (A) International Development Association (IDA) (B) International Finance Corporation (IFC) (C) Multilateral Investment Guarantee Agency (MIGA) (D) World Trade Organization (WTO) 26. : Pakistan’s debt servicing to international financial institutions affects: (A) Foreign reserves (B) Local currency stability (C) Budget allocation for social services (D) All of the above 27. : What is the role of IMF Article IV consultations? (A) Grant loans without conditions (B) Conduct regular economic assessments and policy advice (C) Control interest rates (D) Finance military operations 28. : Which World Bank program targets poverty alleviation in Pakistan? (A) Poverty Reduction Strategy Paper (PRSP) (B) Structural Adjustment Program (C) Extended Fund Facility (D) Agricultural Subsidy Program 29. : What is the usual tenure of IMF loan programs? (A) Less than 6 months (B) 1-3 years (C) 5-10 years (D) More than 10 years 30. : Which Pakistani institution manages external debt repayments? (A) Ministry of Foreign Affairs (B) Ministry of Finance (C) State Bank of Pakistan (D) Pakistan Customs 31. : The IMF’s Stand-By Arrangement (SBA) is designed to: (A) Provide short-term financial support to countries facing balance of payments problems (B) Finance infrastructure (C) Provide grants for education (D) Promote trade 32. : What is a key challenge Pakistan faces in relations with the IMF? (A) Meeting fiscal and structural reform targets (B) Increasing military spending (C) Reducing exports (D) Expanding subsidies 33. : Which sector in Pakistan has benefited from World Bank financing? (A) Health (B) Defense (C) Petroleum (D) Telecom 34. : IMF technical assistance to Pakistan focuses on: (A) Military strategy (B) Economic policy and financial sector reforms (C) Export promotion only (D) Foreign relations 35. : Pakistan’s currency managed by the State Bank of Pakistan is: (A) Dollar (B) Rupee (C) Euro (D) Pound 36. : Which international body coordinates with IMF and World Bank for development in Pakistan? (A) United Nations Development Program (UNDP) (B) NATO (C) OPEC (D) ASEAN 37. : Pakistan’s biggest IMF loan tranche was disbursed in: (A) 2001 (B) 2013 (C) 2019 (D) 2022 38. : The IMF’s quota system determines: (A) Voting power and financial contribution of member countries (B) Military aid allocation (C) Trade tariffs (D) Currency exchange rates 39. : Which World Bank group institution finances private sector projects in Pakistan? (A) IDA (B) IFC (International Finance Corporation) (C) IBRD (D) IMF 40. : Pakistan’s compliance with IMF conditions affects: (A) Credit rating and investor confidence (B) Military spending (C) Foreign policy decisions (D) Tax exemptions 41. : The IMF primarily deals with: (A) Long-term development projects (B) Macroeconomic stability and financial crises (C) Military operations (D) Trade agreements 42. : The World Bank provides Pakistan with funds for: (A) Short-term emergency loans (B) Development projects and capacity building (C) Military hardware (D) Import subsidies 43. : What does IMF require Pakistan to do during a loan program? (A) Increase subsidies and government spending (B) Undertake economic reforms and fiscal consolidation (C) Increase tariff barriers (D) Halt all foreign borrowing 44. : Which Pakistani province receives the largest World Bank development funding? (A) Punjab (B) Sindh (C) Khyber Pakhtunkhwa (D) Balochistan 45. : Pakistan’s external debt includes loans from: (A) IMF, World Bank, China, Saudi Arabia (B) Only IMF and World Bank (C) Domestic banks only (D) None of the above 46. : IMF programs are sometimes criticized for: (A) Causing economic growth (B) Worsening poverty due to austerity (C) Promoting exports (D) Enhancing social welfare 47. : The World Bank’s Country Partnership Framework (CPF) for Pakistan focuses on: (A) Military development (B) Economic growth, social inclusion, and climate resilience (C) Import restrictions (D) Trade tariffs 48. : Which IMF lending facility did Pakistan use during the 2008 global financial crisis? (A) Stand-By Arrangement (SBA) (B) Extended Fund Facility (EFF) (C) Rapid Financing Instrument (RFI) (D) Poverty Reduction and Growth Trust (PRGT) 49. : The IMF’s main source of funds is: (A) Member countries’ quotas and borrowing arrangements (B) Private donations (C) Trade tariffs (D) Foreign investments 50. : Pakistan’s relationship with IMF and World Bank is critical for: (A) Defense spending (B) Economic stability and development financing (C) Political alliances (D) Tourism