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

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The 'BRICS Contingent Reserve Arrangement' is a:

A. Joint anti-terror fund

B. Framework for currency swap and liquidity support

C. Military alliance

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

When is the United Nations Day celebrated?

A. 10 December

B. 24 October

C. 1 May

D. 7 April

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Correct Answer: Option B

Explanation:
UN Day is observed globally on October 24.

This question belongs to: Static General Knowledge International Organizations

Question #2

Where is the headquarters of the UNICEF located?

A. London

B. New York

C. Geneva

D. Paris

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Correct Answer: Option B

Explanation:
UNICEF headquarters is located in New York, USA.

This question belongs to: Static General Knowledge International Organizations

Question #3

The International Monetary Fund's 'Quota' determines a member's:

A. Trade tariff concessions

B. Voting power and borrowing capacity

C. Representation in WTO

D. Share of World Bank loans

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Correct Answer: Option B

Explanation:
IMF quotas are a key determinant of a country's voting power and how much it can borrow.

This question belongs to: Static General Knowledge International Organizations

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