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Consider the following statements and identify the right ones.
i. ICSID is a multilateral treaty formulated by executive directors of IBRD
ii. All the countries have deposited their instruments of ratification, acceptance of the convention.
i. ICSID is a multilateral treaty formulated by executive directors of IBRD
ii. All the countries have deposited their instruments of ratification, acceptance of the convention.
- a)I only
- b)ii only
- c)both
- d)none
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Consider the following statements and identify the right ones.i. ICSID...
Not all the countries have deposited their instruments of ratification, acceptance of the convention.
Most Upvoted Answer
Consider the following statements and identify the right ones.i. ICSID...
The correct answer is option 'A' - I only.
Explanation:
I. ICSID is a multilateral treaty formulated by executive directors of IBRD: This statement is correct. ICSID, which stands for the International Centre for Settlement of Investment Disputes, is indeed a multilateral treaty. It was formulated in 1965 by the executive directors of the International Bank for Reconstruction and Development (IBRD), which is also known as the World Bank. The purpose of ICSID is to provide a forum for the settlement of investment disputes between states and foreign investors.
II. All the countries have deposited their instruments of ratification, acceptance of the convention: This statement is incorrect. While many countries have indeed ratified or accepted the ICSID Convention, not all countries have done so. As of now, there are 163 countries that are party to the ICSID Convention. However, there are still some countries that have not ratified or accepted the convention. Therefore, statement II is incorrect.
In summary, statement I is correct, but statement II is incorrect. Hence, the correct answer is option 'A' - I only.
Explanation:
I. ICSID is a multilateral treaty formulated by executive directors of IBRD: This statement is correct. ICSID, which stands for the International Centre for Settlement of Investment Disputes, is indeed a multilateral treaty. It was formulated in 1965 by the executive directors of the International Bank for Reconstruction and Development (IBRD), which is also known as the World Bank. The purpose of ICSID is to provide a forum for the settlement of investment disputes between states and foreign investors.
II. All the countries have deposited their instruments of ratification, acceptance of the convention: This statement is incorrect. While many countries have indeed ratified or accepted the ICSID Convention, not all countries have done so. As of now, there are 163 countries that are party to the ICSID Convention. However, there are still some countries that have not ratified or accepted the convention. Therefore, statement II is incorrect.
In summary, statement I is correct, but statement II is incorrect. Hence, the correct answer is option 'A' - I only.
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Consider the following statements and identify the right ones.i. ICSID is a multilateral treaty formulated by executive directors of IBRDii. All the countries have deposited their instruments of ratification, acceptance of the convention.a)I onlyb)ii onlyc)bothd)noneCorrect answer is option 'A'. Can you explain this answer?
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Consider the following statements and identify the right ones.i. ICSID is a multilateral treaty formulated by executive directors of IBRDii. All the countries have deposited their instruments of ratification, acceptance of the convention.a)I onlyb)ii onlyc)bothd)noneCorrect answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements and identify the right ones.i. ICSID is a multilateral treaty formulated by executive directors of IBRDii. All the countries have deposited their instruments of ratification, acceptance of the convention.a)I onlyb)ii onlyc)bothd)noneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements and identify the right ones.i. ICSID is a multilateral treaty formulated by executive directors of IBRDii. All the countries have deposited their instruments of ratification, acceptance of the convention.a)I onlyb)ii onlyc)bothd)noneCorrect answer is option 'A'. Can you explain this answer?.
Consider the following statements and identify the right ones.i. ICSID is a multilateral treaty formulated by executive directors of IBRDii. All the countries have deposited their instruments of ratification, acceptance of the convention.a)I onlyb)ii onlyc)bothd)noneCorrect answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements and identify the right ones.i. ICSID is a multilateral treaty formulated by executive directors of IBRDii. All the countries have deposited their instruments of ratification, acceptance of the convention.a)I onlyb)ii onlyc)bothd)noneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements and identify the right ones.i. ICSID is a multilateral treaty formulated by executive directors of IBRDii. All the countries have deposited their instruments of ratification, acceptance of the convention.a)I onlyb)ii onlyc)bothd)noneCorrect answer is option 'A'. Can you explain this answer?.
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Consider the following statements and identify the right ones.i. ICSID is a multilateral treaty formulated by executive directors of IBRDii. All the countries have deposited their instruments of ratification, acceptance of the convention.a)I onlyb)ii onlyc)bothd)noneCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Consider the following statements and identify the right ones.i. ICSID is a multilateral treaty formulated by executive directors of IBRDii. All the countries have deposited their instruments of ratification, acceptance of the convention.a)I onlyb)ii onlyc)bothd)noneCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Consider the following statements and identify the right ones.i. ICSID is a multilateral treaty formulated by executive directors of IBRDii. All the countries have deposited their instruments of ratification, acceptance of the convention.a)I onlyb)ii onlyc)bothd)noneCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
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