The 'BRICS Contingent Reserve Arrangement' is a: MCQ with Answer and Explanation

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The 'BRICS Contingent Reserve Arrangement' is a:

A. Military alliance

B. Framework for currency swap and liquidity support

C. Joint anti-terror fund

D. Free trade agreement

Answer: Option B

Solution (By JKSSB Mock Tests)

The CRA is a fund providing short-term liquidity support to BRICS members through currency swaps, established in 2014.

This question belongs to: Static General Knowledge International Organizations

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Practice More International Organizations Questions

Question #1

Which UN body is responsible for the administration of the 'UN Development Programme'?

A. General Assembly

B. Trusteeship Council

C. Secretariat

D. ECOSOC

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Correct Answer: Option D

Explanation:
UNDP operates under the Economic and Social Council (ECOSOC) of the UN.

This question belongs to: Static General Knowledge International Organizations

Question #2

Which country is NOT a member of the SAARC?

A. China

B. India

C. Bhutan

D. Nepal

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Correct Answer: Option A

Explanation:
China is not a member of SAARC (though it is an observer).

This question belongs to: Static General Knowledge International Organizations

Question #3

Which body is the 'International Maritime Organization' (IMO) based in?

A. The Hague

B. Geneva

C. London

D. New York

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Correct Answer: Option C

Explanation:
The IMO, responsible for maritime safety and pollution prevention, is headquartered in London.

This question belongs to: Static General Knowledge International Organizations

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