Question: Recently the meeting of the Commonwealth Finance Ministers’ and Governing Council meeting of the BRICS Contingent Reserve Arrangement (CRA) was held in which of the following city?
(a) Melbourne
(b) Washington DC
(c) New York
(d) Mexico
Ans: (b)
Related facts:
- On 6 October 2016 Commonwealth Finance Ministers’ Meeting and the Governing Council Meeting of the BRICS Contingent Reserve Arrangement (CRA) held at IMF Headquarters in Washington D.C.
- Union Finance Minister Arun Jaitley chaired both the meetings.
- During the meeting, two important issues- the ‘Economics of Climate Change and Financing Climate Adaptation and Mitigation’; and ‘International Taxation-a Commonwealth Conversation around the Panama Papers’ were discussed and deliberated.
- In the presence of the Finance Minister, Arun Jaitley, the Standard Chartered Bank and Bank of Baroda signed an MoU on Commonwealth Small States Trade Finance Facility.
- In the presence of the Finance Minister, Shri Arun Jaitley, the Standard Chartered Bank and Bank of Baroda signed an MoU on Commonwealth Small States Trade Finance Facility.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=151514
https://twitter.com/FinMinIndia/status/784276573838987264
http://www.business-standard.com/article/news-ians/commonwealth-finance-ministers-discuss-taxation-issues-116100700421_1.html