Stiglitz Commission established by the President of the United Nations General Assembly was in the international news. The commission was supposed to deal with
A
The challenges posed by the impending global climate change and prepare a road map
B
The workings of the global financial systems and to explore ways and means to secure a more sustainable global order
C
Global terrorism and prepare a global action plan for the mitigation of terrorism
D
Expansion of the United Nations Security Council in the present global scenario
Correct Answer: Option B
Explanation
1. The Stiglitz Commission, formally known as the Commission of Experts of the President of the United Nations General Assembly on Reforms of the International Monetary and Financial System, was established in late 2008.
2. It was created in response to the global financial crisis that began in 2007-2008.
3. The Commission's mandate was to reflect on the causes of the crisis, review the workings of the global financial systems, and suggest steps to reform the international financial architecture to prevent future crises and promote a more stable and sustainable global order.
4. Option (B) directly reflects this mandate: examining the global financial systems and exploring ways for a more sustainable global order.
5. Option (A) relates to climate change, (C) to terrorism, and (D) to UN Security Council expansion, none of which were the focus of the Stiglitz Commission.