1. The International Monetary Fund (IMF) was established in:
(A) 1944
(B) 1945
(C) 1947
(D) 1950
2. The World Bank was established as a result of which conference?
(A) Washington Conference
(B) Bretton Woods Conference
(C) Geneva Summit
(D) Paris Agreement
3. Pakistan became a member of the IMF in:
(A) 1947
(B) 1950
(C) 1952
(D) 1958
4. Pakistan took its first loan from the IMF in:
(A) 1958
(B) 1965
(C) 1971
(D) 1988
5. The main purpose of the IMF is to:
(A) Provide military assistance
(B) Promote global trade and economic stability
(C) Regulate private businesses
(D) Reduce poverty in developing countries
6. Which of the following institutions is a part of the World Bank Group?
(A) WTO
(B) SAARC Development Fund
(C) OECD
(D) International Bank for Reconstruction and Development (IBRD)
7. The World Bank primarily provides:
(A) Short-term loans
(B) Technical and financial assistance for development projects
(C) Military aid
(D) Loans for small businesses only
8. The Extended Fund Facility (EFF) is a loan program of:
(A) United Nations
(B) World Bank
(C) IMF
(D) Asian Development Bank
9. The IMF’s Structural Adjustment Program (SAP) requires countries to:
(A) Increase military spending
(B) Nationalize private industries
(C) Stop borrowing money from the World Bank
(D) Implement economic reforms and reduce fiscal deficits
10. Pakistan signed a bailout agreement with the IMF in 2019 worth:
(A) $3 billion
(B) $6 billion
(C) $10 billion
(D) $12 billion
11. The IMF provides financial support to countries facing:
(A) Budget surpluses
(B) Balance of payments crises
(C) High inflation rates only
(D) Political instability
12. The World Bank’s major role in Pakistan has been in:
(A) Defense-related projects
(B) Political reforms
(C) Direct cash transfers to citizens
(D) Infrastructure, education, and health sector development
13. Which of the following is NOT a lending arm of the World Bank?
(A) IMF
(B) International Development Association (IDA)
(C) International Finance Corporation (IFC)
(D) Multilateral Investment Guarantee Agency (MIGA)
14. The World Bank’s International Development Association (IDA) provides:
(A) Grants and low-interest loans to poor countries
(B) Military loans
(C) Bailout packages for bankrupt countries
(D) High-interest commercial loans
15. Which sector in Pakistan has received significant financial aid from the World Bank?
(A) Defense
(B) Education and infrastructure
(C) Luxury goods industry
(D) Political campaigns
16. Which Pakistani project was funded by the World Bank?
(A) Neelum-Jhelum Hydropower Project
(B) Diamer-Bhasha Dam
(C) Tarbela Dam
(D) Kalabagh Dam
17. The main reason Pakistan frequently seeks IMF loans is:
(A) Trade surplus
(B) Balance of payment deficits and economic crises
(C) Rising foreign investments
(D) Increase in tourism revenue
18. In return for financial aid, the IMF often asks Pakistan to:
(A) Implement economic reforms and reduce government spending
(B) Increase subsidies
(C) Expand public sector employment
(D) Decrease exports
19. The World Bank Group includes how many institutions?
(A) 2
(B) 3
(C) 4
(D) 5
20. Which international institution is often called the "lender of last resort"?
(A) World Bank
(B) WTO
(C) IMF
(D) UNDP