CSEET current affairs MCQs with answers on International finance Part 2

CSEET Current Affairs – International Finance  MCQs with Answers

1. The term “de-dollarization,” often in news, refers to:

A) Increasing use of the US dollar in global trade

B) Reducing dependence on the US dollar in international transactions

C) Strengthening the dollar against other currencies

D) Printing new dollars by the US Federal Reserve

Answer: B) Reducing dependence on the US dollar in international transactions

2. The “Petroyuan” is a term used for oil trading in which currency?

A) US Dollar

B) Euro

C) Chinese Yuan

D) Japanese Yen

Answer: C) Chinese Yuan

Explanation: The “Petroyuan” represents China’s move to conduct oil trade using its currency, challenging the petrodollar system.

3. The International Finance Corporation (IFC) is part of:

A) IMF

B) World Bank Group

C) Asian Development Bank

D) OECD

Answer: B) World Bank Group

4. Special Drawing Rights (SDRs) are issued by:

A) World Bank

B) IMF

C) BIS

D) OECD

Answer: B) IMF

Explanation: SDRs are international reserve assets allocated by the IMF to supplement member countries’ official reserves.

5. The 2024 G20 Finance Ministers’ Meeting emphasized:

A) Green finance and debt sustainability

B) Global trade reforms

C) Taxation of digital currencies

D) Reduction of petroleum imports

Answer: A) Green finance and debt sustainability

6. The headquarters of the Financial Action Task Force (FATF) is located in:

A) New York

B) Paris

C) Geneva

D) Washington, D.C.

Answer: B) Paris

7. The term “Eurobond” refers to:

A) Bonds denominated in euros issued in Europe

B) Bonds denominated in a currency not native to the country where issued

C) European Union sovereign debt

D) Bonds issued by European Central Bank

Answer: B) Bonds denominated in a currency not native to the country where issued

8. Which international agreement deals with the regulation of cross-border banking supervision?

A) Basel Accords

B) Kyoto Protocol

C) Paris Agreement

D) WTO Agreement

Answer: A) Basel Accords

9. The World Bank’s International Development Association (IDA) provides loans primarily to:

A) Developed countries

B) Emerging economies

C) Low-income countries

D) Private corporations

Answer: C) Low-income countries

10. The term “sovereign wealth fund” (SWF) refers to:

A) Funds held by private investors

B) State-owned investment funds derived from national reserves

C) IMF reserves

D) Commercial bank reserves

Answer: B) State-owned investment funds derived from national reserves

11. Which currency recently joined the IMF’s SDR basket along with USD, Euro, Yen, and Pound?

A) Swiss Franc

B) Chinese Yuan (Renminbi)

C) Singapore Dollar

D) Canadian Dollar

Answer: B) Chinese Yuan (Renminbi)

12. The World Bank launched “Green Bonds” to:

A) Promote agricultural investment

B) Fund environmentally sustainable projects

C) Support war-torn nations

D) Provide infrastructure for oil industries

Answer: B) Fund environmentally sustainable projects

13. The “Global Financial Stability Report” is published by:

A) World Bank

B) IMF

C) OECD

D) UNDP

Answer: B) IMF

14. The Asian Infrastructure Investment Bank (AIIB) finances projects mainly related to:

A) Education

B) Health and sanitation

C) Infrastructure and connectivity

D) Defence

Answer: C) Infrastructure and connectivity

15. The term “FinTech” in international finance refers to:

A) Financial Technologies improving financial services

B) Foreign Institutional Technology firms

C) Finance for technical education

D) Technology used in agriculture finance

Answer: A) Financial Technologies improving financial services