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1.  
About the IMF, which is/are correct?
I. It was conceived at Bretton Woods in July 1944, attended by 44 countries.
II. Its Managing Director chairs the Executive Board.
III. It has 189 members (as read on 14 Oct 2026).

Correct Answer: E [Only I and II]

Explanation:

I and II true; IMF 191 (IBRD 189).

2.  
About the World Bank Group, which is/are correct?
I. IFC was set up in 1956 to focus on the private sector.
II. IDA has more members than IBRD.
III. MIGA was formed in 1988.

Correct Answer: C [Only I and III]

Explanation:

I and III true; IDA 175 < IBRD 189.

3.  
About the regional banks, which is/are correct?
I. ADB was set up in 1966 and is based in Manila.
II. AIIB has 111 approved members (as read on 14 Oct 2026).
III. NDB moved to its permanent HQ in Beijing in 2021.

Correct Answer: A [Only I and II]

Explanation:

I and II true; NDB's permanent HQ is in Shanghai.

4.  
About the FSB and BIS, which is/are correct?
I. The FSB has its seat in Basel.
II. The BIS was established in 1930.
III. The Basel Committee is hosted by the IMF.

Correct Answer: C [Only I and II]

Explanation:

I and II true; the Basel Committee is hosted by the BIS.

5.  
About FATF, which is/are correct?
I. It was established in 1989.
II. Its secretariat is in Paris.
III. India is not a member.

Correct Answer: D [Only I and II]

Explanation:

I and II true; India is a member.

6.  
About the WTO, which is/are correct?
I. It began on 1 January 1995.
II. It replaced the GATT.
III. It is headquartered in Washington, D.C.

Correct Answer: B [Only I and II]

Explanation:

I and II true; Geneva.

7.  
Match the body with its membership (as read on 14 Oct 2026):
(i) IMF (ii) IBRD (iii) FATF (iv) SAARC
(p) 40 (q) 191 (r) 189 (s) 8

Correct Answer: E [i-q, ii-r, iii-p, iv-s]

Explanation:

IMF 191; IBRD 189; FATF 40; SAARC 8.

8.  
About ASEAN and SAARC, which is/are correct?
I. ASEAN was founded on 8 August 1967 in Bangkok.
II. SAARC was founded in Kathmandu in 1985.
III. ASEAN has 11 members, including Timor-Leste.

Correct Answer: C [Only I and III]

Explanation:

I and III true; SAARC was founded in Dhaka – Kathmandu is its secretariat.

9.  
About the SDR, which is/are correct?
I. It is a reserve asset created by the IMF.
II. Its basket has five currencies.
III. The IMF has allocated a cumulative total of SDR 660.7 billion (IMF, read 16 Oct 2026).

Correct Answer: E [All of I, II and III]

Explanation:

All three are correct; the total includes the 2021 general allocation of about SDR 456.5 billion.

10.  
Odd one out (city where the body is based):

Correct Answer: A [BIS]

Explanation:

BIS – Basel; the IMF and the World Bank Group bodies – Washington, D.C.

11.  
About NDB, which is/are correct?
I. Its India Regional Office is in GIFT City (2022).
II. Its Africa Regional Centre is in Johannesburg (2017).
III. Uzbekistan, Colombia and Ethiopia were admitted in 2021.

Correct Answer: D [Only I and II]

Explanation:

I and II true; those three were admitted in 2025.

12.  
Odd one out (India is a founding member):

Correct Answer: B [ASEAN]

Explanation:

India is a founding member of the IMF, ADB, AIIB and WTO, but not a member of ASEAN.

13.  
Match the UN body with its headquarters:
(i) UNEP (ii) IAEA (iii) UNESCO (iv) International Court of Justice
(p) Paris (q) The Hague (r) Vienna (s) Nairobi

Correct Answer: C [i-s, ii-r, iii-p, iv-q]

Explanation:

UNEP – Nairobi; IAEA – Vienna; UNESCO – Paris; ICJ – The Hague.

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