Topic Details (Notes format)

International Economic Institutions

Subject: Economics

Book: Comprehensive Indian Economy

Entities like the IMF, World Bank, ADB, and AIIB offer financial support, policy advice, and development assistance. India’s engagement with these bodies provides capital for infrastructure, technology, and social programs. The IMF helps with balance-of-payments crises, while the World Bank funds poverty reduction and development. Additionally, regional banks (ADB, AIIB) focus on Asia-centric infrastructure. Exams might test the specific roles of each institution, conditionalities attached to loans, or India’s push for governance reforms (e.g., quota changes in IMF). Understanding these institutions clarifies how global frameworks interact with domestic policy decisions.

Practice Questions

Which organization publishes the Human Development Index (HDI)?

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Which of the following is a feature of monopolistic competition?

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What is “open market operations” (OMO)?

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What is the meaning of “disguised unemployment”?

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Which organization is responsible for estimating India’s Gross Domestic Product (GDP)?

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What is the meaning of "fiscal deficit"?

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What is “fiscal stimulus”?

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Which term refers to the decrease in the value of a currency relative to foreign currencies?

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What is the term for the price at which demand and supply in a market are equal?

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Which of the following measures is most effective in controlling inflation?

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