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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. Consider the following statements and identify the righ…