Q. “Contingent Reserves Arrangement” is recently seen in news is related to which of the following?

[A] BRICS

[B] IMF

[C] ADB

[D] AIIB

Answer: A
Notes:

Explanation: Contingent Reserves Arrangement is to deal with any short-term balance of payments pressures that the BRICS nations may face.

It is a framework for the provision of support through liquidity and precautionary instruments to strengthen financial stability.

Source: FORUMIAS