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RBI GRADE B 2016 PHASE 2 MAINS 70 MCQ STUDY MATERIAL PAPER 3 FINANCE & MANAGEMENT

1. Consider the following statements and identify the right ones. i. IMF came into existence as an outcome on Bretton Woods agreement ii. France was the 1st country to borrow from IMF a. I only b. ii only c. both d. none ANSWER: c. both IMF oversees the international monetary system. 2. Consider the following statements and identify the right ones. i. The executive board is the highest decision making body of IMF ii. The Board of Governors meets twice a year. a. I only b. ii only c. both d. none ANSWER: d. none The Board of Governors is the highest decision making body of IMF. The Board of Governors meets once a year. 3. Consider the following statements and identify the right ones. i. Executive board conducts the business of the IMF ii. It meets once in a year a. i only b. ii only c. both d. none ANSWER: a. I only Executive board conducts the business of the IMF. It functions in continuous session and meets several times in a week. 4.