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Home › Banking › International Financial Institutions

International Financial Institutions — Banking Questions & Practice

Practise 14 International Financial Institutions questions from Banking for competitive exams such as UPSC, Banking, SSC and Railway. Read the worked questions below, check every answer with an explanation, and track what you get wrong.

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Practice questions on International Financial Institutions — with answers

Try each question first, then open the answer. Explanations are included.

1. In which year was the International Monetary Fund (IMF) established?

  1. A1972
  2. B1944 (at the Bretton Woods Conference)
  3. C1945
  4. D1956
Show answer

Answer: B

The IMF was established in 1944 at the Bretton Woods Conference, alongside the World Bank.

2. In which year was the World Bank established?

  1. A1966
  2. B1944 (at the Bretton Woods Conference)
  3. C1956
  4. D1945
Show answer

Answer: B

The World Bank was established in 1944 at the Bretton Woods Conference, alongside the IMF.

3. Which international financial institution is described as: 'Washington D.C., USA - promotes international monetary cooperation and financial stability'?

  1. ANew Development Bank (NDB / BRICS Bank)
  2. BWorld Bank
  3. CInternational Finance Corporation (IFC)
  4. DInternational Monetary Fund (IMF)
Show answer

Answer: D

This describes the International Monetary Fund (IMF).

4. Which international financial institution is described as: 'Washington D.C., USA - provides financial and technical assistance to developing countries'?

  1. AWorld Bank
  2. BInternational Finance Corporation (IFC)
  3. CNew Development Bank (NDB / BRICS Bank)
  4. DWorld Trade Organization (WTO)
Show answer

Answer: A

This describes the World Bank.

5. Which international financial institution is described as: 'Manila, Philippines - promotes economic and social development in Asia and the Pacific'?

  1. AWorld Trade Organization (WTO)
  2. BAsian Development Bank (ADB)
  3. CInternational Finance Corporation (IFC)
  4. DAsian Infrastructure Investment Bank (AIIB)
Show answer

Answer: B

This describes the Asian Development Bank (ADB).

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