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JAIIB IE&IFS Unit 9 — International Economic Organisations: Free MCQs with Explanations

By Swarnakshi Jha (ex-banker) · Updated 20 September 2026 · Paper 1 of the November 2026 cycle (1 November 2026)

This page is a free slice of our JAIIB IE&IFS question bank for Unit 9 — International Economic Organisations (Module A — Indian Economic Architecture). The Mock Centre holds 59 questions on this unit alone, every one with a why-right / why-wrong explanation; below are the facts examiners keep returning to, five of those questions to try, and the traps that cost marks.

IE&IFS · Module A59 MCQs in the Mock Centre5 free belowPaper on 1 November 2026

Key facts examiners test from this unit

  1. IMF: born July 1944 (Bretton Woods), India founding member (1945), 190 members; India's Governor = Finance Minister (RBI Governor alternate); quota SDR 13,114 mn, 6th largest; Article IV surveillance.
  2. SDR: created 1969, initially 0.888671 g gold = $1; basket USD/EUR/CNY/JPY/GBP (no CAD); RMB joined 1-10-2016; 5-yearly review; India got ~$4.5 bn in the 2009 allocation.
  3. World Bank Group (Bretton Woods 1944): five bodies — IBRD (market loans), IDA (interest-free, ~80 poorest), IFC (private sector; India = largest exposure), MIGA (political-risk insurance; India not founder — joined 1994), ICSID (disputes; India not a member); first India project 1948 (agricultural machinery).

5 free practice questions — tap an option

Five basic questions from this unit. Answers lock on the first tap, exactly as in the exam, and a short explanation opens underneath. The Mock Centre adds the moderate and tough questions, why every other option is wrong, the concept capsule and the exam tip — with your score and revision dates tracked.

Question 1 of 5
India became an IMF member in:
Why (a): India became an IMF member in 1945 — an ORIGINAL Bretton Woods member (27-12-1945), present at the creation.
Question 2 of 5
India is NOT a founder member of which World Bank Group institution?
Why (c): India is a FOUNDER of IBRD, IDA and IFC — but NOT of MIGA, which it joined later (1994).
Question 3 of 5
Is India a member of RCEP?
Why (a): India is NOT a member of RCEP — it withdrew in 2019 over trade-deficit and China-import concerns.
Question 4 of 5
The SDR currency basket contains:
Why (a): The five-currency basket defines the SDR's value; RMB's 2016 entry marked China's reserve-currency arrival.
Question 5 of 5
The G-20's origin and composition:
Why (a): Born of late-90s crises, elevated during the GFC, the G-20 is the premier forum for international economic cooperation — India presided in 2023.
0 of 5 answered.

Traps in this unit

Confusable AConfusable BThe difference
IMF (190)WTO (166)Member counts
19441947Bretton Woods vs GATT signing
Practise all 59 questions on Unit 9. The free demo opens a slice of every subject with the same explanations; the IE&IFS Online-only pass unlocks all 3,032 IE&IFS questions, the full and module mocks, Smart Revision and the Readiness Score for one year (₹1,299). Not sure where you stand? Take the free 10-question test first.
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Independent study aid — not affiliated with, endorsed by, or sponsored by the Indian Institute of Banking & Finance (IIBF). Exam pattern, dates, fees and passing criteria are set by IIBF — always confirm the current rules at iibf.org.in. Regulatory figures verified as of September 2026; verify from official sources before relying on them in practice.