With reference to the “G20 Common Framework”, consider the following statements:

  1. It is an initiative endorsed by the G20 together with the Paris Club.
  2. It is an initiavtive to support Low Income Countries with unsustainable debt.

Which of the statements given above is/are correct?

[UPSC Civil Services Exam – 2022 Prelims]

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Answer: (c)        

Explanation:

  • Chad has made history by becoming the first country to officially request debt restructuring under the G20 Common Framework.
  • This framework was introduced last year with the help of the Paris Club and is designed to deal with insolvency and protracted liquidity problems faced by countries impacted by COVID-19.
  • The G20 Common Framework is an initiative endorsed by G20 and Paris Club, and it is intended to address unsustainable debts while implementing an IMF-supported reform program.

Consider the following statements:                                                                   The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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Consider the following statements:                                                         The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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