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View all1COP29 (29th UN Climate Conference) was hosted by?2Nobel Peace Prize 2023 was awarded to?3Because of blockage in Black Sea, which product's trade is mainly affected?4What is key feature of IMF Stand-By Agreement?5In climate change context, COP stands for?6Which agreement ended the 1965 war between Pakistan and India?
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Correct Answer: D: $2.9 trillion
Explanation: The correct answer is D: $2.9 trillion. Global military expenditure reached a record high of approximately $2.9 trillion in 2025, marking the eleventh consecutive year of growth. The United States, China, and Russia are the top three military spenders, accounting for more than half of global expenditure.