Global Groups — Set 4

Correct Answer: C. United Nations

• **United Nations** = It is an international organization established to promote global cooperation and peace. • Founded in **1945** — It currently comprises 193 Member States and operates under its founding Charter. • 💡 Wrong-option analysis: Union of Nations: not the official full form; Universal Nations: not the official full form; United Neighborhood: not the official full form.

Correct Answer: B. International Bank for Reconstruction and Development

• **International Bank for Reconstruction and Development** = IBRD is an international financial institution providing loans to middle-income developing countries. • Established in **1944** — It was founded to aid in rebuilding Europe after World War II and is a core part of the World Bank Group. • 💡 Wrong-option analysis: Indian Bank for Rural Development: incorrect full form, IBRD is international; International Bank for Resource Development: incorrect full form; International Board for Rural Development: incorrect full form.

Correct Answer: C. European Union

• **European Union** = The EU is a political and economic union consisting primarily of European member states. • **27 member states** — It has established an internal single market with standardized laws, and **20** of its members use the Euro currency. • 💡 Wrong-option analysis: Euro Union: incomplete and inaccurate; Economic Union: describes its function but not the full name; Eastern Union: incorrect geographical scope.

Correct Answer: D. Shanghai Cooperation Organisation

• **Shanghai Cooperation Organisation** = SCO is a Eurasian political, economic, security, and defense organization. • Founded in **2001** — It was established in Shanghai and is known as the world's largest regional organization by geographic scope and population. • 💡 Wrong-option analysis: Silk Cooperation Office: not the correct full form; South Coast Organisation: incorrect name and focus; Small Commerce Organisation: incorrect name and focus.

Correct Answer: B. Non-Aligned Movement

• **Non-Aligned Movement** = NAM is a forum of countries not formally aligned with or against any major power bloc. • Founded in **1961** — It was established in Belgrade during the Cold War and currently includes **120** member countries. • 💡 Wrong-option analysis: National Army Movement: incorrect full form; Neutral Area Management: incorrect full form; New Asian Movement: incorrect full form.

Correct Answer: C. Asian Infrastructure Investment Bank

• **Asian Infrastructure Investment Bank** = AIIB is a multilateral development bank focused on improving economic and social outcomes across Asia. • Operations began in **2016** — It is headquartered in Beijing, China, and provides financing for infrastructure projects. • 💡 Wrong-option analysis: Alliance for International Industrial Banking: incorrect full form; Asian Insurance Investment Board: incorrect full form; All India Investment Bank: incorrect, as it is an Asian not just Indian bank.

Correct Answer: A. International Agency for Research on Cancer

• **International Agency for Research on Cancer** = IARC is the specialized cancer agency of the World Health Organization. • Headquartered in **Lyon, France** — Its mission is to promote international collaboration in cancer research. • 💡 Wrong-option analysis: International Association for Recovery from Cancer: incorrect full form; Institute for Advanced Research on Cancer: incorrect full form; Internal Agency for Risk and Cancer: incorrect full form.

Correct Answer: D. Organisation for Economic Co-operation and Development

• **Organisation for Economic Co-operation and Development** = OECD is an intergovernmental economic organization aiming to stimulate economic progress and world trade. • Founded in **1961** — It has **38** member countries, most of which are high-income economies. • 💡 Wrong-option analysis: Oriental Economic Council for Development: incorrect full form; Organization for English Culture and Democracy: incorrect full form and focus; Office of Economic Commerce and Development: incorrect full form.

Correct Answer: A. Group of Twenty

• **Group of Twenty** = The G20 is an intergovernmental forum addressing major issues related to the global economy. • Founded in **1999** — It comprises **19** sovereign countries, the European Union, and the African Union. • 💡 Wrong-option analysis: Global Twenty: not the official full form; Government Twenty: not the official full form; General Twenty: not the official full form.

Correct Answer: B. Asian Development Bank

• **Asian Development Bank** = ADB is a regional development bank whose mission is to reduce poverty across Asia and the Pacific. • Established in **1966** — It is headquartered in Manila, Philippines. • 💡 Wrong-option analysis: Arab Development Bank: incorrect regional focus; Atlantic Development Bank: incorrect regional focus; African Development Bank: incorrect regional focus.