Question 1

Which of the following statements is NOT true of Robert McNamara's tenure as the president of the World Bank?

Accepted Answer

A)  The Bank's operations were greatly expanded. 
B)  Bank lending was used to fund industrialization projects rather than agricultural reform. 
C)  The Bank was used as a tool to fight communism. 
D)  Bank lending shifted from large-scale infrastructural projects to anti-poverty projects. 
E)  The Bank's approach became known as the "basic needs" approach. 
A)  The Bank's operations were greatly expanded. 
B)  Bank lending was used to fund industrialization projects rather than agricultural reform. 
C)  The Bank was used as a tool to fight communism. 
D)  Bank lending shifted from large-scale infrastructural projects to anti-poverty projects. 
E)  The Bank's approach became known as the "basic needs" approach. B

Question 2

The global economic crisis of 2008 provided an opportunity for both the IMF and the World Bank to reinvent and reassert their roles.

Accepted Answer

A) True 
 B)False  True

Question 3

In the early 2000s, the World Bank moved to a more "comprehensive" approach to development.

Accepted Answer

A) True 
 B)False  True

Question 4

What changes did Robert McNamara make when he became president of the World Bank in 1968?

Accepted Answer

Under Robert McNamara's presidency (1968

Question 5

The World Bank has recognized and become a key player in combatting climate change.

Accepted Answer

A) True 
 B)False

Question 6

Were structural adjustments effective in sub-Saharan Africa?

Accepted Answer

Owing to high levels of debt during the

Question 7

What are foreign portfolio investments?

Accepted Answer

A)  Investments that include the purchase of foreign debt, loans, and stock market investments 
B)  Investments that include the purchase of factories and other fixed investment 
C)  Investments that may be subject to international tax and trade treaties 
D)  Investments that contribute to economic and social stability 
E)  Investments that involve dealing in fine art and other luxury goods 
A)  Investments that include the purchase of foreign debt, loans, and stock market investments 
B)  Investments that include the purchase of factories and other fixed investment 
C)  Investments that may be subject to international tax and trade treaties 
D)  Investments that contribute to economic and social stability 
E)  Investments that involve dealing in fine art and other luxury goods

Question 8

What did the immediate phase of structural adjustment programs consist of?

Accepted Answer

A)  Liberalization 
B)  Austerity measures 
C)  Deflationary policies 
D)  Nationalization 
E)  Good governance 
A)  Liberalization 
B)  Austerity measures 
C)  Deflationary policies 
D)  Nationalization 
E)  Good governance

Question 9

The US currently holds approximately what percentage of the voting rights within the IMF and World Bank?

Accepted Answer

A)  2 per cent 
B)  6 per cent 
C)  17 per cent 
D)  35 per cent 
E)  68 per cent 
A)  2 per cent 
B)  6 per cent 
C)  17 per cent 
D)  35 per cent 
E)  68 per cent

Question 10

Under Robert McNamara, the World Bank's approach to development became known as the "basic needs" approach.

Accepted Answer

A) True 
 B)False

Question 11

What is the name of the organization within the World Bank responsible for providing interest-free loans with long repayment periods for developing countries?

Accepted Answer

A)  International Development Association 
B)  International Monetary Fund 
C)  World Poverty Foundation 
D)  Global Institute for Poverty Reduction 
E)  International Aid Committee 
A)  International Development Association 
B)  International Monetary Fund 
C)  World Poverty Foundation 
D)  Global Institute for Poverty Reduction 
E)  International Aid Committee

Question 12

Which of the following was NOT a factor that prompted a rethinking by the World Bank and IMF of their policies?

Accepted Answer

A)  The "East Asian miracle" 
B)  The Mexican peso crisis 
C)  Stagnation in sub-Saharan Africa 
D)  The end of the Cold War and the communist threat 
E)  All of the above were factors. 
A)  The "East Asian miracle" 
B)  The Mexican peso crisis 
C)  Stagnation in sub-Saharan Africa 
D)  The end of the Cold War and the communist threat 
E)  All of the above were factors.

Question 13

Why are structural adjustments controversial?

Accepted Answer

A)  They are necessary to promote economic growth. 
B)  They fight poverty efficiently. 
C)  They failed to deliver on their primary promises of stable growth and poverty reduction. 
D)  They were not enough. 
E)  They helped preserve colonialism. 
A)  They are necessary to promote economic growth. 
B)  They fight poverty efficiently. 
C)  They failed to deliver on their primary promises of stable growth and poverty reduction. 
D)  They were not enough. 
E)  They helped preserve colonialism.

Question 14

In the World Bank, the 2008 crisis precipitated a new emphasis on building "resilience" in borrower countries.

Accepted Answer

A) True 
 B)False

Question 15

In 1971, how did the United States effectively abolish the original Bretton Woods system?

Accepted Answer

A)  By abandoning the floating exchange rate system in favour of a fixed rate of exchange 
B)  By suspending the convertibility of US dollars to gold 
C)  By effectively pulling the United States out of the UN Security Council 
D)  By suspending American payments to the UN 
E)  By annulling commitments to regulate structural adjustment policies 
A)  By abandoning the floating exchange rate system in favour of a fixed rate of exchange 
B)  By suspending the convertibility of US dollars to gold 
C)  By effectively pulling the United States out of the UN Security Council 
D)  By suspending American payments to the UN 
E)  By annulling commitments to regulate structural adjustment policies

Question 16

In its 2001 report, what "lessons" did the World Bank claim to have learned about the successes and failures of structural adjustment programs?

Accepted Answer

In 2001, the World Bank published a repo

Question 17

The post-2008 IMF continued to give countries in the Global South constraining targets for budget deficits and monetary policies.

Accepted Answer

A) True 
 B)False

Question 18

By 2007, which middle-income country was the only major borrower from the IMF?

Accepted Answer

A)  Brazil 
B)  Turkey 
C)  China 
D)  Argentina 
E)  South Korea 
A)  Brazil 
B)  Turkey 
C)  China 
D)  Argentina 
E)  South Korea

Question 19

Explain the World Bank's idea of "social capital" as the "missing link" in poverty reduction.

Accepted Answer

To combat vulnerability, the World Bank

Question 20

Which of the following is true about the Bretton Woods system?

Accepted Answer

A)  It was an economic plan developed in response to the economic crisis caused by World War I. 
B)  It established the World Trade Organization as the keystone of the global free trade regime. 
C)  It laid the basis for the original roles of the International Monetary Fund and World Bank. 
D)  It devised an international monetary financial plan to help decrease world debt. 
E)  It was a package of economic stimulus reforms, devised by Sir Bretton Woods, that enabled the defeated nations of the World War II to progress economically. 
A)  It was an economic plan developed in response to the economic crisis caused by World War I. 
B)  It established the World Trade Organization as the keystone of the global free trade regime. 
C)  It laid the basis for the original roles of the International Monetary Fund and World Bank. 
D)  It devised an international monetary financial plan to help decrease world debt. 
E)  It was a package of economic stimulus reforms, devised by Sir Bretton Woods, that enabled the defeated nations of the World War II to progress economically.

Exam 10: The International Financial Institutions

Which of the following statements is NOT true of Robert McNamara's tenure as the president of the World Bank?

The global economic crisis of 2008 provided an opportunity for both the IMF and the World Bank to reinvent and reassert their roles.

In the early 2000s, the World Bank moved to a more "comprehensive" approach to development.

What changes did Robert McNamara make when he became president of the World Bank in 1968?

The World Bank has recognized and become a key player in combatting climate change.

Were structural adjustments effective in sub-Saharan Africa?

What are foreign portfolio investments?

What did the immediate phase of structural adjustment programs consist of?

The US currently holds approximately what percentage of the voting rights within the IMF and World Bank?

Under Robert McNamara, the World Bank's approach to development became known as the "basic needs" approach.

What is the name of the organization within the World Bank responsible for providing interest-free loans with long repayment periods for developing countries?

Which of the following was NOT a factor that prompted a rethinking by the World Bank and IMF of their policies?

Why are structural adjustments controversial?

In the World Bank, the 2008 crisis precipitated a new emphasis on building "resilience" in borrower countries.

In 1971, how did the United States effectively abolish the original Bretton Woods system?

In its 2001 report, what "lessons" did the World Bank claim to have learned about the successes and failures of structural adjustment programs?

The post-2008 IMF continued to give countries in the Global South constraining targets for budget deficits and monetary policies.

By 2007, which middle-income country was the only major borrower from the IMF?

Explain the World Bank's idea of "social capital" as the "missing link" in poverty reduction.

Which of the following is true about the Bretton Woods system?

What Is Development? From Economic Growth to the Sustainable Development Goals

Imperialism and the Colonial Experience

Theories of Development Economics

The Critical Political Economy of Development

Post-development and Alternatives to Development

Gender and Development: Theoretical Insights and International Commitments

Globalization and Development

State of the State: Does the State Have a Role in Development?

National Development Agencies and Bilateral Aid

The United Nations and Multilateral Actors in Development

Private Enterprise and Development

Civil Society and Development

China and the Emerging Economies

Debt and Development

Free Trade, Fair Trade, and South-South Trade

Democracy

Climate Change, Environment, and Development

Rural Development

Urban Development: Cities in the Global South

Development and Health

Conflict and Development

Refugees and International Development Policy and Practice

Indigenous Community Economic Resilience

Culture and Development

Measuring and Evaluating Poverty

Inequality and Social Policy

Planning and Appraising Development Projects

Humanitarian Assistance and Intervention

Ethics of Development, by Des Gasper

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