The IMF's 'Poverty Reduction and Growth Trust' provides loans to: MCQ with Answer and Explanation

Question
The IMF's 'Poverty Reduction and Growth Trust' provides loans to:
A. Private enterprises
B. Low-income countries
C. All member countries
D. Middle-income countries
Answer: Option B
Solution (By JKSSB Mock Tests)
The PRGT offers concessional financial support to low-income member countries to help them achieve macroeconomic stability and reduce poverty.
This question belongs to: Static General Knowledge International Organizations
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Question #1
What is the 'Special Drawing Right' (SDR) in the context of the IMF?
A. An international reserve asset
B. A tax on international trade
C. A physical currency issued by the IMF
D. A military defense fund
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Correct Answer: Option A

Explanation:
SDRs are a form of international reserve asset created by the IMF to supplement the official reserves of member countries.
This question belongs to: Static General Knowledge International Organizations
Question #2
Where is the headquarters of the Universal Postal Union (UPU)?
A. London
B. Paris
C. Geneva
D. Bern
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Correct Answer: Option D

Explanation:
The UPU headquarters is in Bern, Switzerland.
This question belongs to: Static General Knowledge International Organizations
Question #3
Which of the following is NOT a member of BRICS (as of 2026)?
A. Japan
B. Brazil
C. India
D. South Africa
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Correct Answer: Option A

Explanation:
The core BRICS members are Brazil, Russia, India, China, and South Africa. Japan is not a member; the group has expanded but Japan has not joined.
This question belongs to: Static General Knowledge International Organizations
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