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  1. Special Drawing Rights were created by








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    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.

  1. Which institution is known as ‘Soft Loan Window’ of World Bank?








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    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.

  1. Security Council of the UN comprises of 10 non-permanent members and their tenure is ____________








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    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.

  1. The United Nations Organisation came into existence in








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    The United Nations Organisation (UNO) is an intergovernmental organization established on 24 October 1945 to promote international cooperation. It was founded to replace the League of Nations following World War II and to prevent another conflict.

    Correct Option: C

    The United Nations Organisation (UNO) is an intergovernmental organization established on 24 October 1945 to promote international cooperation. It was founded to replace the League of Nations following World War II and to prevent another conflict.

  1. The Secretariat of SAARC is set up at








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    The SAARC Secretariat is based in Kathmandu, Nepal.It coordinates and monitors implementation of activities, prepares for and services meetings, and serves as a channel of communication between the Association and its member states as well as other regional organisations.

    Correct Option: B

    The SAARC Secretariat is based in Kathmandu, Nepal.It coordinates and monitors implementation of activities, prepares for and services meetings, and serves as a channel of communication between the Association and its member states as well as other regional organisations.