What does the term "lender of last resort" refer to in the context of central banking?

A. A bank providing loans to commercial banks during times of financial crisis

B. A bank that offers the lowest interest rates in the market

C. A government agency that collects taxes from commercial banks

D. An international institution that prints currency for developing nations

General Knowledge · Economic Organizations & Alliances · page 4 of 15

Global Financial & Trade MCQs with Answers

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Global Financial & Trade Institutions (IMF, World Bank, WTO, ADB) MCQs (31–40)

10 MCQs with answers and a short one-liner. Hide answers to test yourself.

Past paper MCQs in this chapter · See all past papers

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31.
How many Muslim countries are currently member of Group of Twenty (G20)?
Correct Answer: B. 3
One-liner
Currently, 3 Muslim-majority countries are members of the G20: Saudi Arabia, Turkey, and Indonesia.
32.
Which of the following is not a full member of G20 (Group of Twenty)?
Correct Answer: C. United Arab Emirates
One-liner
The United Arab Emirates is not a full member of the G20; it participates as a guest invitee only.
33.
Which country topped Foreign Direct Investment (FDI) for the year 2021?
Correct Answer: C. USA
One-liner
The USA topped Foreign Direct Investment (FDI) inflows for the year 2021.
34.
Financial Action Task Force (FATF) suspended membership of which country?
Correct Answer: C. Russia
One-liner
The Financial Action Task Force (FATF) suspended the membership of Russia in February 2023 over its invasion of Ukraine.
35.
Past Paper MCQ
At which conference was the World Bank founded?
Correct Answer: D. Bretton Woods Conference
One-liner
The World Bank was founded at the Bretton Woods Conference in 1944.
36.
T. Raja Kumar is the current president of FATF, belongs to:
Correct Answer: A. Singapore
One-liner
T. Raja Kumar, the current President of FATF, belongs to Singapore.
37.
When was the first summit of G20 (Group of Twenty) held?
Correct Answer: B. 2008
One-liner
The first G20 Leaders' Summit was held in 2008 in Washington, D.C., in response to the global financial crisis.
38.
What does the term "lender of last resort" refer to in the context of central banking?
Correct Answer: A. A bank providing loans to commercial banks during times of financial crisis
One-liner
The term "lender of last resort" refers to a bank providing loans to commercial banks during times of financial crisis.
39.
How many total full member countries are there in FATF?
Correct Answer: D. 37
One-liner
The Financial Action Task Force (FATF) has 37 full member countries.
40.
Which international body is responsible for monitoring and combating terrorist financing?
Correct Answer: D. FATF
One-liner
The Financial Action Task Force (FATF) is the international body responsible for monitoring and combating terrorist financing.

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Global Financial & Trade MCQs with Answers

Global Financial & Trade Institutions (IMF, World Bank, WTO, ADB) MCQs (31–40)

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