economics medium MCQ

A country's voting power and financial contribution quota in the International Monetary Fund (IMF) are primarily determined by its:

  1. Population size
  2. Geographical area
  3. Relative size in the global economy
  4. Military expenditure

Answer: Relative size in the global economy

The IMF uses a quota system based on a country's GDP, openness, economic variability, and international reserves. This quota determines how much the country must contribute to the IMF, its voting weight on the Executive Board, and the maximum financing it can access.

Topic International Economics - Institutions
Exam Relevance UPSC Prelims, SSC CGL