Current Questions

International Institutions, Agencies &Fora :

G20

On 1st December, 2019, Saudi Arabia became the first Arab nation to take over the G20 Presidency. Consider the following statements about the G20:

  1. The G20 is an informal group of 19 countries and the European Union, with representatives of the International Monetary Fund and the World Bank.
  2. It was formed in 1999, in the wake of the Asian financial crisis, to unite finance ministers and central bankers from the world’s largest established and emerging economies.

Choose the correct answer from the codes given below:


Kimberley Process

The plenary meeting of the Kimberley Process Certification Scheme (KPCS) is being hosted by India from 18-22 November, 2019 in India.Consider the following given statements about the Kimberley Process:

  1. The Kimberley Process is a multilateral trade regime established in 2003 with the goal of preventing the flow of conflict diamonds.
  2. The Kimberley Process Certification Scheme (KPCS) imposes extensive requirement son its members to enable them to certify shipments of rough diamonds as ‘conflict-free' and prevent conflict diamonds from entering the legitimate trade.
  3. India is one of the founder members of Kimberley Process Certification Scheme and is the Chair of Kimberley Process for the year 2019.

Choose the correct answer from the codes given below:


Asia Pacific Rural And Agricultural Credit Association

Recently, the 6th World Congress on Rural and Agricultural Finance was organised by NABARD in association with the Asia Pacific Rural and Agricultural Credit Association (APRACA). Consider the following given statements about the APRACA:

  1. It was launched during the first General Assembly Meeting held in New Delhi, India in 1977.
  2. The General Secretariat of APRACA was established at the FAO Regional Office for Asia and the Pacific (FAO-RAP) premises in Bangkok, Thailand.

Choose the correct answer from the codes given below:


North Atlantic Treaty Organization

Recently, French sighted the North Atlantic Treaty Organization (NATO) as a grouping was dying with its incapacity to work in a co-ordinated manner. Consider the following given statements about the NATO:

  1. NATO is an intergovernmental military alliance between 29 North American and European countries.
  2. The North Atlantic Treaty forms the legal basis of, and is implemented by, the North Atlantic Treaty Organization (NATO).

Choose the correct answer from the codes given below:


International Civil Aviation Organisation

Recently, on being denied by the Pakistan to use it’s airspace by the Indian government, India took the matter to the International Civil Aviation Organisation(ICAO).Consider the following given statements about the ICAO:

  1. ICAO was established in 1944 by the signing of the Convention on International Civil Aviation.
  2. Headquartered in Montreal, Canada, currently, it has 198 member countries.

Choose the correct answer from the codes given below:


World Economic Forum

Recently, the World Economic Forum’s (WEF) 33rd India Economic Summit took place in New Delhi. Consider the following statements about the WEF:

1. Founded in 1972, it is a Swiss nonprofit foundation, based in Geneva, Switzerland.

2. Global Competitiveness Report, Global Gender Gap Report, Global Risks Report are some of the important reports being published by WEF annually.

Choose the correct answer from the codes given below:


Special Data Dissemination Standard (SDDS)

According to the International Monetary Fund’s (IMF), Special Data Dissemination Standard(SDDS) for 2018, India failed to comply with multiple requirements prescribed in the SDDS. Consider the following statements regarding the SDDS.

  1. The IMF launched the SDDS initiative in 1996 to guide members to enhance data transparency and help financial market participants with adequate information to assess the economic situations of individual countries.
  2. There are over 20 data categories which IMF considers for this report to capture a nation’s economic health including national accounts (GDP, GNI), production indices, employment, and central government operations.
  3. India subscribed to the SDDS on December 27, 1997.

Which of the following statements given above is/are correct?


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