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Q1Indian Economy·International Economic OrganizationsPYQ 2025
Which one of the following best describes the core function of the World Bank Group's International Bank for Reconstruction and Development (IBRD)?
- AProviding grants only to the poorest countries with no lending operations
- BProviding loans and guarantees mainly to middle-income and creditworthy lower-income countries for development purposesCorrect
- CManaging the global foreign exchange market on a day-to-day basis
- DSetting binding tariff rates for WTO members
Explanation
Correct. IBRD lends to middle-income and creditworthy borrowers and traces its roots to post-war reconstruction and long-term development finance.
Q2Indian Economy·International Economic OrganizationsPYQ 2023
Consider the following statements about the International Grains Council (IGC):
1. India is a member of the International Grains Council.
2. Membership of the IGC is a mandatory precondition for engaging in international grain trade.
Which of the statements given above is/are correct?
- A1 onlyCorrect
- B2 only
- CBoth 1 and 2
- DNeither 1 nor 2
Explanation
Correct. India is a member of the IGC. However, IGC membership is not required for international grain trade; non-member countries also trade grains internationally.
Q3Indian Economy·International Economic OrganizationsPYQ 2023
Consider the following statements about the G20:
1. The G20 was originally established as a forum for Finance Ministers and Central Bank Governors.
2. Digital public infrastructure was one of the priorities during India's G20 presidency.
Which of the statements given above is/are correct?
- A1 only
- B2 only
- CBoth 1 and 2Correct
- DNeither 1 nor 2
Explanation
Correct. The G20 began in 1999 as a finance ministers' forum, and India's 2023 presidency prominently featured digital public infrastructure.
Q4Indian Economy·International Economic OrganizationsPYQ 2023
Which one of the following is the UNOPS S3i initiative NOT focused on?
- AAffordable housing
- BMass rapid transport systemsCorrect
- CRenewable energy
- DHealth care
Explanation
Correct. The UNOPS Sustainable Investments in Infrastructure and Innovation (S3i) initiative focuses on affordable housing, renewable energy and health care, but not mass rapid transport.
Q5Indian Economy·International Economic OrganizationsPYQ 2022
Which one of the following is the correct pairing?
- ARapid Financing Instrument - World Trade Organization
- BRapid Credit Facility - International Monetary FundCorrect
- CGlobal Financial Stability Report - Asian Development Bank
- DTrade Policy Review Mechanism - New Development Bank
Explanation
Correct. The IMF uses the Rapid Credit Facility for concessional urgent support to low-income countries.
Q6Indian Economy·International Economic OrganizationsPYQ 2022
Which one of the following is the most appropriate description of the G20 Common Framework for Debt Treatments?
- AA mechanism endorsed by the Paris Club to coordinate debt treatment for eligible countries beyond the traditional Paris Club processCorrect
- BA framework for setting international labour standards
- CA WTO arrangement for reducing tariffs on services
- DA Basel norm on capital adequacy ratios
Explanation
Correct. The G20 Common Framework was designed to coordinate sovereign debt treatment for eligible debtor countries with broader creditor participation.
Q7Indian Economy·International Economic OrganizationsPYQ 2022
Consider the following statements about the Paris Club:
1. It is an informal group of official creditors.
2. It deals with debt treatment for countries facing payment difficulties.
3. It is a WTO body for trade dispute settlement.
Which of the statements given above is/are correct?
- A1 and 2 onlyCorrect
- B2 and 3 only
- C1 and 3 only
- D1, 2 and 3
Explanation
Correct. The Paris Club is an informal grouping of official creditors that coordinates debt treatment for debtor countries.
Q8Indian Economy·International Economic OrganizationsPYQ 2020
With reference to the TRIMS (Trade-Related Investment Measures) Agreement under the WTO, consider the following statements:
1. It prohibits investment measures that are inconsistent with GATT provisions on national treatment and quantitative restrictions.
2. It covers trade in both goods and services.
3. It is not concerned with the regulation of foreign investment.
Which of the statements given above is/are correct?
- A1 onlyCorrect
- B1 and 3 only
- C2 only
- D1, 2 and 3
Explanation
Correct. The TRIMS Agreement applies to investment measures related to trade in goods and prohibits measures violating GATT Articles III (national treatment) and XI (quantitative restrictions).
Q9Indian Economy·International Economic OrganizationsPYQ 2020
Which of the following are members of the G20?
1. Argentina
2. Mexico
3. South Africa
4. Turkey
Select the correct answer using the code given below:
- A1, 2, 3 and 4Correct
- B1 and 2 only
- C2 and 3 only
- D1, 3 and 4 only
Explanation
Correct. All four listed countries are part of the G20.
Q10Indian Economy·International Economic OrganizationsPYQ 2020
The concept of 'Gold Tranche' (now called Reserve Tranche) is associated with lending by:
- AWorld Bank
- BReserve Bank of India
- CWorld Trade Organization
- DInternational Monetary FundCorrect
Explanation
Correct. The Reserve Tranche (formerly Gold Tranche) represents the portion of an IMF member's quota paid in reserve assets, which can be drawn upon without conditionality.
Q11Indian Economy·International Economic OrganizationsPYQ 2020
Which one of the following best describes the G20?
- AA treaty-based global legislature with binding legal powers over all countries
- BAn informal forum of major advanced and emerging economies for international economic cooperationCorrect
- CA specialized UN agency that regulates world trade disputes
- DA military alliance of twenty countries
Explanation
Correct. The G20 is an informal forum that brings together major economies to discuss financial stability, development and global economic issues.
Q12Indian Economy·International Economic OrganizationsPYQ 2019
The 'Global Competitiveness Report' is published by:
- AInternational Monetary Fund
- BUnited Nations Conference on Trade and Development
- CWorld Economic ForumCorrect
- DWorld Bank
Explanation
Correct. The World Economic Forum publishes the Global Competitiveness Report, which benchmarks national competitiveness across various indicators.