Global Economic Governance — MCQ Practice
Interactive MCQ Practice
Test your knowledge. Click “Solve” to reveal options, select your answer, then check the result. 5 questions available.
Consider the following statements about the International Monetary Fund (IMF): 1. The IMF's voting system is based on one country, one vote principle 2. Special Drawing Rights (SDRs) are backed by gold reserves 3. The IMF can impose economic conditions on countries receiving financial assistance 4. India's current quota in the IMF is approximately 2.8% of total quotas Which of the statements given above are correct?
Which of the following best describes the primary difference between the G7 and G20 in global economic governance?
Consider the following statements about the World Trade Organization (WTO): 1. The WTO Appellate Body has been non-functional since 2019 2. WTO decisions require consensus among all member countries 3. The WTO can authorize trade retaliation against countries violating trade rules 4. India is a founding member of the WTO Which of the statements given above are correct?
The term 'Washington Consensus' in global economic governance refers to:
Which of the following institutions was NOT created as part of the original Bretton Woods system?