What is the purpose of the 'Multilateral Investment Guarantee Agency' (MIGA)? MCQ with Answer and Explanation

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What is the purpose of the 'Multilateral Investment Guarantee Agency' (MIGA)?

A. To provide political risk insurance

B. To provide humanitarian aid

C. To set global labor standards

D. To regulate global oil prices

Answer: Option A

Solution (By JKSSB Mock Tests)

MIGA, a member of the World Bank Group, provides political risk insurance (guarantees) to investors.

This question belongs to: Static General Knowledge International Organizations

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Practice More International Organizations Questions

Question #1

Which country is NOT a permanent member of the UN Security Council?

A. Japan

B. France

C. Russia

D. China

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Correct Answer: Option A

Explanation:
The permanent members are USA, UK, France, Russia, and China (P5). Japan is not one of them.

This question belongs to: Static General Knowledge International Organizations

Question #2

Which organization is responsible for the 'UN Population Fund' (UNFPA)?

A. IMF

B. WHO

C. World Bank

D. UNFPA (itself)

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Correct Answer: Option D

Explanation:
UNFPA is the United Nations sexual and reproductive health agency.

This question belongs to: Static General Knowledge International Organizations

Question #3

Which Indian has served as the President of the UN General Assembly?

A. Shashi Tharoor

B. Syed Akbaruddin

C. Vijaya Lakshmi Pandit

D. Kamalesh Sharma

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Correct Answer: Option C

Explanation:
Vijaya Lakshmi Pandit served as the first woman President of the UN General Assembly in 1953.

This question belongs to: Static General Knowledge International Organizations

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