The International Bank for Reconstruction and Development (IBRD) and its concessional lending arm, the International Development Association, are collectively known as the World Bank as they share the same leadership and staff. Established in 1944, it is an international financial institution that offers loans to middle-income developing countries.

Correct Option: A

The International Bank for Reconstruction and Development (IBRD) and its concessional lending arm, the International Development Association, are collectively known as the World Bank as they share the same leadership and staff. Established in 1944, it is an international financial institution that offers loans to middle-income developing countries.

There are five permanent members of the United Nations Security Council: China, France, Russia, the United Kingdom, and the United States. These are the states which the UN Charter of 1945 grants a permanent seat on the UN Security Council. These countries represent the five great powers considered to be the victors of World War II.

Correct Option: A

There are five permanent members of the United Nations Security Council: China, France, Russia, the United Kingdom, and the United States. These are the states which the UN Charter of 1945 grants a permanent seat on the UN Security Council. These countries represent the five great powers considered to be the victors of World War II.

The World Economic Outlook (WEO) is a survey conducted and published by the International Monetary Fund. It is published biannually and partly updated two times a year. It portrays the world economy in the near and medium context, with projections for up to four years into the future.

Correct Option: A

The World Economic Outlook (WEO) is a survey conducted and published by the International Monetary Fund. It is published biannually and partly updated two times a year. It portrays the world economy in the near and medium context, with projections for up to four years into the future.

GATT stands for General Agreement on Tariffs and Trade. Formed by 23 countries at Geneva in 1947, it comprised a set of multilateral trade agreements aimed at the abolition of quotas and the reduction of tariff duties among the contracting nations. GATT was replaced by the World Trade Organization (WTO) in 1995. Best Option: (2) General Agreement on Trade and Tariffs

Correct Option: E

GATT stands for General Agreement on Tariffs and Trade. Formed by 23 countries at Geneva in 1947, it comprised a set of multilateral trade agreements aimed at the abolition of quotas and the reduction of tariff duties among the contracting nations. GATT was replaced by the World Trade Organization (WTO) in 1995. Best Option: (2) General Agreement on Trade and Tariffs

The permanent members of the United Nations Security Council are: China, France, Russia (formerly the Soviet Union), the United Kingdom, and the United States. These are the states which the UN Charter of 1945 grants a permanent seat on the UN Security Council. These countries represent the five great powers considered to be the victors of World War II.

Correct Option: B

The permanent members of the United Nations Security Council are: China, France, Russia (formerly the Soviet Union), the United Kingdom, and the United States. These are the states which the UN Charter of 1945 grants a permanent seat on the UN Security Council. These countries represent the five great powers considered to be the victors of World War II.