1. Where is IMF headquartered?
a) Washington
b) Geneva
c) New York
Wrong! Try again.
Wrong!
The correct answer is Washington.
The International Monetary Fund -- also known as the IMF or the 'Fund' -- was conceived at a United Nations conference convened in Bretton Woods, New Hampshire, US in July 1944. The 45 governments represented at that conference sought to build a framework for economic cooperation that would avoid a repetition of the disastrous economic policies that had contributed to the Great Depression of the 1930s.
Correct!
The International Monetary Fund -- also known as the IMF or the 'Fund' -- was conceived at a United Nations conference convened in Bretton Woods, New Hampshire, US in July 1944. The 45 governments represented at that conference sought to build a framework for economic cooperation that would avoid a repetition of the disastrous economic policies that had contributed to the Great Depression of the 1930s.
2. How many countries are currently members of IMF?
a) 190
b) 184
c) 176
Wrong! Try again.
Wrong!
The correct answer is 184.
Currently 184 countries are its members. Its staff numbers approximately 2,690 from 141 countries. IMF monitors economic and financial developments and policies, in member countries at the global level, and gives policy advice to its members. It lends to member countries with balance of payments problems, not just to provide temporary financing but to support adjustment and reform policies aimed at correcting the underlying problems. It also provides the governments and central banks of its member countries with technical assistance and training in its areas of expertise.
Correct!
Currently 184 countries are its members. Its staff numbers approximately 2,690 from 141 countries. IMF monitors economic and financial developments and policies, in member countries at the global level, and gives policy advice to its members. It lends to member countries with balance of payments problems, not just to provide temporary financing but to support adjustment and reform policies aimed at correcting the underlying problems. It also provides the governments and central banks of its member countries with technical assistance and training in its areas of expertise.
3. Who was the first managing director of IMF?
a) Camille Gutt
b) Michel Camdessus
c) Ivar Rooth
Wrong! Try again.
Wrong!
The correct answer is Camille Gutt.
Camille Gutt, from Belgium, served as the IMF's first Managing Director from May 6, 1946 to May 5, 1951. Michel Camdessus, from France, was Managing Director from January 16, 1987 to February 14, 2000. Ivar Rooth, from Sweden, was Managing Director from August 3, 1951 to October 3, 1956.
Correct!
Camille Gutt, from Belgium, served as the IMF's first Managing Director from May 6, 1946 to May 5, 1951. Michel Camdessus, from France, was Managing Director from January 16, 1987 to February 14, 2000. Ivar Rooth, from Sweden, was Managing Director from August 3, 1951 to October 3, 1956.
4. Today IMF's gold holdings amount to..?
a) 3,000 metric tons
b) 2,900 metric tons
c) 3,217 metric tons
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Wrong!
The correct answer is 3,217 metric tons.
Gold played a central role in the international monetary system until the collapse of the Bretton Woods system of fixed exchange rates in 1973. Since then, the role of gold has been gradually reduced. The IMF holds 103.4 million ounces (3,217 metric tons) of gold at designated depositories. The IMF's total gold holdings are valued on its balance sheet at about $8.1 billion on the basis of historical cost. As of January 31, 2004, the IMF's holdings amounted to $41.3 billion (at then current market prices).
Correct!
Gold played a central role in the international monetary system until the collapse of the Bretton Woods system of fixed exchange rates in 1973. Since then, the role of gold has been gradually reduced. The IMF holds 103.4 million ounces (3,217 metric tons) of gold at designated depositories. The IMF's total gold holdings are valued on its balance sheet at about $8.1 billion on the basis of historical cost. As of January 31, 2004, the IMF's holdings amounted to $41.3 billion (at then current market prices).
5. IMF in cooperation with which country offers the advanced study scholarship?
a) US
b) Switzerland
c) Japan
Wrong! Try again.
Wrong!
The correct answer is Japan.
The IMF, in cooperation with the government of Japan, has been administering the IMF Scholarship Program for Advanced Studies since the 1990s. The Japan-IMF Scholarship Program for Advanced Studies, provides scholarships for qualified scholars who want to study economics at the doctorate level at a leading university in North America. To apply for the program, candidates must show that they have been admitted to a Ph.D. program in economics at one of North America's or Australia's leading universities.
For information about applications: Please address the Institute of International Education (IIE) at japanimfscholarship@iie.org
Correct!
The IMF, in cooperation with the government of Japan, has been administering the IMF Scholarship Program for Advanced Studies since the 1990s. The Japan-IMF Scholarship Program for Advanced Studies, provides scholarships for qualified scholars who want to study economics at the doctorate level at a leading university in North America. To apply for the program, candidates must show that they have been admitted to a Ph.D. program in economics at one of North America's or Australia's leading universities.
For information about applications: Please address the Institute of International Education (IIE) at japanimfscholarship@iie.org