IGCSE Development Studies: Specimen Questions with Answers 68 - 70 of 98

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Question 68

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Who is the decision maker at World Bank and IMF?

Explanation

Through the vote of the board of executive directors decisions are taken at IMF and World Bank, which represents the vote of the member nations. The voting power of the member nations is determined by the financial contribution of each country.

U. S has the highest number of votes with G-7 countries; it also has the veto power due to its huge scale of contribution. Whereas, on the other hand other nations have very less power in deciding the programs and policies. US being a powerful member of the World Bank and IMF have its person as the president of the World Bank.

Question 69

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Does debt of the poorest nation be cancelled?

Explanation

A Debt Reduction of the Poorest Nation Will Lead To

  • Availability of resources.
  • Investors confidence in the nation
  • It will contribute to reduction in poverty.
  • Debt relief would not divert funds of the poor nation to other purposes.
  • It would generate internal debt flows instead of recycling of money from different organization to the poorest nation.

Passage

Human Rights

Question 70 (1 of 7 Based on Passage)

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Give two characteristics of democracy.

Explanation

The characteristics of democracy are as follows:

  • Individual Liberty: Government works to secure an equal opportunity for people to develop their own abilities.
  • Majority rule with minority rights: Government is based on majority rule through the people՚s elected representative, but respects the rights of minorities.
  • Free Elections: Government is based on free and open elections in which every citizen has the right to vote, every vote has equal weight, and candidates for office can freely express their views.
  • Competing Political Parties: Political parties choose candidates for office, respect the voters decision in elections and act as loyal opposition

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