Organization of the Petroleum Exporting Countries (OPEC) is a group consisting of 13 of the world’s major oil-exporting nations. Founded in 1960, OPEC is a cartel that aims to manage the supply of oil in an effort to set the price of oil on the world market, in order to avoid fluctuations that might affect the economies of both producing and purchasing countries.

Correct Option: A

Organization of the Petroleum Exporting Countries (OPEC) is a group consisting of 13 of the world’s major oil-exporting nations. Founded in 1960, OPEC is a cartel that aims to manage the supply of oil in an effort to set the price of oil on the world market, in order to avoid fluctuations that might affect the economies of both producing and purchasing countries.

The International Bank for Reconstruction and Development (IBRD), an international financial institution that offers loans to middle-income developing countries, is known as the World Bank. It is the original World Bank institution and works closely with the rest of the World Bank Group to help developing countries reduce poverty, promote economic growth, and build prosperity.

Correct Option: B

The International Bank for Reconstruction and Development (IBRD), an international financial institution that offers loans to middle-income developing countries, is known as the World Bank. It is the original World Bank institution and works closely with the rest of the World Bank Group to help developing countries reduce poverty, promote economic growth, and build prosperity.

Special Drawing Rights (SDR) are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). The SDR was created by the IMF in 1969 to support the Bretton Woods fixed exchange rate system.

Correct Option: C

Special Drawing Rights (SDR) are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). The SDR was created by the IMF in 1969 to support the Bretton Woods fixed exchange rate system.

The International Development Association (IDA) is known as the ‘soft loan’ window of the World Bank since it offers concessional loans and grants to the world’s poorest developing countries. The IDA is a member of the World Bank Group and is headquartered in Washington, D.C., United States.

Correct Option: B

The International Development Association (IDA) is known as the ‘soft loan’ window of the World Bank since it offers concessional loans and grants to the world’s poorest developing countries. The IDA is a member of the World Bank Group and is headquartered in Washington, D.C., United States.

The 10 non-permanent members of United Nations Security Council (UNSC) elected on a regional basis to serve two-year terms. Besides, UNSC has five permanent members: Russia, the United Kingdom, France, Republic of China and the United States.

Correct Option: D

The 10 non-permanent members of United Nations Security Council (UNSC) elected on a regional basis to serve two-year terms. Besides, UNSC has five permanent members: Russia, the United Kingdom, France, Republic of China and the United States.