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. Free trade agreement

C. Joint anti-terror fund

D. Framework for currency swap and liquidity support

Answer: Option D

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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Question #1

Where is the headquarters of the International Atomic Energy Agency (IAEA) located?

A. Brussels

B. Vienna

C. Geneva

D. New York

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Correct Answer: Option B

Explanation:
The IAEA, an independent international organization related to the UN, is headquartered in Vienna, Austria.

This question belongs to: Static General Knowledge International Organizations

Question #2

Which organization was replaced by the WTO?

A. Bretton Woods System

B. UN

C. League of Nations

D. GATT

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Correct Answer: Option D

Explanation:
The WTO replaced the General Agreement on Tariffs and Trade (GATT).

This question belongs to: Static General Knowledge International Organizations

Question #3

Which country is a permanent member of the UN Security Council?

A. Germany

B. Japan

C. China

D. India

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Correct Answer: Option C

Explanation:
China is one of the five permanent members of the UN Security Council.

This question belongs to: Static General Knowledge International Organizations

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