does the league still exist?
No, it dissolved itself on  31 July 1947.
League of Nations
" A Board of Liquidation consisting of nine persons from different countries spent the next 15 months overseeing the transfer of the League's assets and functions to the United Nations or specialised bodies, finally dissolving itself on 31 July 1947.
what is league of nations? It was the first worldwide intergovernmental organisation whose principal mission was to maintain world peace. when was it formed? 10 January 1920 how many countries does it comprise? Weimar Republic, Germany, France, Egypt etc describe its symbol? two five-pointed stars within a blue pentagon. what powers does it have? preventing wars through collective security and disarmament and settling international disputes through negotiation and arbitration who is the head of the league? The Assembly, the Council, and the Permanent Secretariat. how does one become a member of it? UNANSWERABLE what is saar? It was a province formed from parts of Prussia and the Rhenish Palatinate and placed under League control by the Treaty of Versailles. what does collective security mean? A security arrangement, political, regional, or global, in which each state in the system accepts that the security of one is the concern of all, and therefore commits to a collective response to threats to, and breaches to peace. what were the weaknesses of the league? The onset of the Second World War demonstrated that the League had failed in its primary purpose, the prevention of another world war.
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League of Nations [SEP] Demise and legacy
The designers of the structures of the United Nations intended to make it more effective than the League. The final meeting of the League of Nations took place on 18 April 1946 in Geneva. Delegates from 34 nations attended the assembly. This session concerned itself with liquidating the League: it transferred assets worth approximately $22,000,000 (U.S.) in 1946 (including the Palace of Nations and the League's archives) to the UN, returned reserve funds to the nations that had supplied them, and settled the debts of the League. Robert Cecil, addressing the final session, said: The Assembly passed a resolution that "With effect from the day following the close of the present session of the Assembly [i.e., April 19], the League of Nations shall cease to exist except for the sole purpose of the liquidation of its affairs as provided in the present resolution." A Board of Liquidation consisting of nine persons from different countries spent the next 15 months overseeing the transfer of the League's assets and functions to the United Nations or specialised bodies, finally dissolving itself on 31 July 1947.