world organisations section 3 MCQ Questions & Answers Detailed Explanation

Answer: (d)

The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. Its value is based on a basket of four key international currencies, and SDRs can be exchanged for freely usable currencies.

Answer: (b)

Robert Bruce Zoellick was the eleventh president of the World Bank, a position he held from July 1, 2007, to June 30, 2012. He was previously a managing director of Goldman Sachs, United States Deputy Secretary of State (resigning on July 7, 2006) and the U.S.

Trade Representative, from February 7, 2001, until February 22, 2005. Zoellick has been a senior fellow at his alma mater Harvard Kennedy School since his retirement from the World Bank on July 1, 2012.

President George W. Bush nominated Zoellick on May 30, 2007, to replace Paul Wolfowitz as President of the World Bank. On June 25, 2007, Zoellick was approved by the World Bank’s executive board.

Note: Jim Yong Kim also known as Kim Yong is a South Korean-American physician and anthropologist who have served as the 12th President of the World Bank since July 1, 2012.

Answer: (c)

Hans Martin Blix (born 28 June 1928) is a Swedish diplomat and politician for the Liberal People’s Party. He was Swedish Minister for Foreign Affairs (1978–1979).

Blix was also the head of the United Nations Monitoring, Verification and Inspection Commission from March 2000 to June 2003, when he was succeeded by Dimitris Perrikos.

In 2002, the commission began searching Iraq for weapons of mass destruction, ultimately finding none. In February 2010, the Government of the United Arab Emirates announced that Blix will be the head of an advisory board for its nuclear power program.

Answer: (a)

The Association of Southeast Asian Nations is a geo-political and economic organization of ten countries located in Southeast Asia, which was formed on 8 August 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand.

The organization has six principal organs:

1. the General Assembly (the main deliberative assembly);
2. the Security Council (for deciding certain resolutions for peace and security);
3. the Economic and Social Council (for assisting in promoting international economic and social cooperation and development);
4. the Secretariat (for providing studies, information, and facilities needed by the UN);
5. the International Court of Justice (the primary judicial organ); and
6. the United Nations Trusteeship Council (which is currently inactive).

Other prominent UN System agencies include,

1. the World Health Organization (WHO),
2. the World Food Programme (WFP) and
3. United Nations Children’s Fund (UNICEF)

Answer: (d)

The first SAARC summit was held in Dhaka, Bangladesh, in December 1985.

It was attended by the Government representative and president of Bangladesh, Maldives, Pakistan and Sri Lanka, the kings of Bhutan and Nepal, and the prime minister of India.

They signed the SAARC Charter on 8 December 1985, thereby establishing the regional association.

Answer: (d)

The World Bank is an international financial institution that provides loans to developing countries for capital programs. It is one of four institutions created at the Bretton Woods Conference in 1944.

Both the International Monetary Fund and the World Bank are headquartered in Washington D.C.