IBPS PO General Awareness: International Finance & Trade questions with solutions

Q1. According to the Global Economic Prospects Report (January 2018), growth in advanced economies is expected to moderate slightly as central banks gradually remove their post-crisis accommodation and the upturn in investment growth stabilizes. This report is released by which organization?

1. IMF
2. WTO
3. World Bank
4. BRICS

Answer: World Bank

Global Economic Prospects is a well-known report published by the World Bank. It presents forecasts and analysis of global and regional economic trends.

Q2. AIIB president?

1. KV Kamath
2. Jin Liqun
3. R K Kamath
4. Vijay Kelkar

Answer: Jin Liqun

Jin Liqun is the president of the Asian Infrastructure Investment Bank (AIIB). KV Kamath was the first president-designate, but the actual president is Jin Liqun.

Q3. Which of the following shows the difference between exports and imports of goods and services?

1. Balance of Trade
2. Capital Account
3. Surplus budget
4. Balance of Payment

Answer: Balance of Trade

Balance of Trade (BoT) represents the difference between a country's exports and imports of goods and services. If exports > imports = trade surplus; imports > exports = trade deficit. It is distinct from Balance of Payments, which includes capital and financial accounts too.