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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What is democracy?

Explanation

The colonialism begins to end after the World War II, various colonies became independent after the Second World War. Democratization began with the French revolution in the year 1789. Early democracies were North America, Latin America, and Europe. Democracy means that it is the government for the people, of the people and by the people. It is the form of government where public can choose the rulers on their own. Under democracy only the elected leaders are supposed to rule the nation and people have the right to freedom to express their views, organize or protest. In democratic nations the power and civic responsibility rests upon the adult citizens or the leaders elected.

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