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UPSC Prelims 2022 Paper-1 📅 05 Jun, 2022

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 initiative to support Low Income Countries with unsustainable debt.

Which of the statements given above is/are correct?

A
(a) 1 only
B
(b) 2 only
C
(c) Both 1 and 2
D
(d) Neither 1 nor 2
Result Summary
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UPSC Prelims
2022 • 05 Jun, 2022 • Paper-1
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 initiative to support Low Income Countries with unsustainable debt.

Which of the statements given above is/are correct?
Correct Answer
(c) Both 1 and 2
Statement 1 Analysis: Correct. The Common Framework for Debt Treatments beyond the DSSI is a landmark initiative structurally endorsed by the G20 nations in str......
Ref/Book : UPSC Prelims 2022
Ref. Subject Economy
Chapter -
Ref. Topic International Institutions
Pg. No -
💡 Analysis & Explanation
Statement 1 Analysis ▼
Correct. The Common Framework for Debt Treatments beyond the DSSI is a landmark initiative structurally endorsed by the G20 nations in strict collaboration with the Paris Club.
Statement 2 Analysis ▼
Correct. Its core objective is to deliver comprehensive debt relief to low-income countries facing unsustainable debt burdens, ensuring broad participation among sovereign creditors.
Conclusion ▼
Both statements provide accurate facts about the initiative.
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