UPSC Exam > UPSC Questions > Consider the following statements about Europ...
Start Learning for Free
Consider the following statements about European Bank for Reconstruction and Development (EBRD).
- The European Bank for Reconstruction and Development (EBRD) is an international financial institution that supports projects from eastern Europe to central Asia and the southern and eastern Mediterranean.
- The mandate of the EBRD stipulates that it must only work in countries that are committed to democratic principles.
- India is yet to join European Bank for Reconstruction and Development (EBRD).
Which of the above statements is/are correct?
- a)1 only
- b)1, 2
- c)2, 3
- d)1, 3
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Consider the following statements about European Bank for Reconstructi...
The correct answer is option 'B' - 1, 2. Let's discuss each statement in detail:
1. The European Bank for Reconstruction and Development (EBRD) is an international financial institution that supports projects from eastern Europe to central Asia and the southern and eastern Mediterranean.
The statement is correct. The European Bank for Reconstruction and Development (EBRD) is indeed an international financial institution. It was established in 1991 to support the transition of countries in Central and Eastern Europe towards market-oriented economies. Its geographical scope has expanded over the years, and it now operates in countries ranging from eastern Europe to central Asia and the southern and eastern Mediterranean. The bank provides financing and expertise for various projects, including infrastructure development, energy efficiency, private sector development, and financial sector reform.
2. The mandate of the EBRD stipulates that it must only work in countries that are committed to democratic principles.
The statement is correct. The mandate of the EBRD includes a commitment to support countries that are committed to democratic principles. This requirement is outlined in the bank's Articles of Agreement. The EBRD aims to promote the transition to democracy and market economies in its member countries. It works closely with governments, businesses, and civil society organizations to foster sustainable development and promote good governance.
3. India is yet to join the European Bank for Reconstruction and Development (EBRD).
The statement is incorrect. India became a member of the European Bank for Reconstruction and Development (EBRD) in 2018. India's membership in the bank allows it to collaborate with the EBRD in areas such as infrastructure development, energy efficiency, and private sector investment. This partnership provides opportunities for both India and the EBRD to work together and support sustainable development in the region.
In conclusion, the correct statements are 1 and 2, i.e., the European Bank for Reconstruction and Development (EBRD) supports projects from eastern Europe to central Asia and the southern and eastern Mediterranean, and its mandate stipulates that it must only work in countries committed to democratic principles. Statement 3 is incorrect as India has already joined the EBRD.
1. The European Bank for Reconstruction and Development (EBRD) is an international financial institution that supports projects from eastern Europe to central Asia and the southern and eastern Mediterranean.
The statement is correct. The European Bank for Reconstruction and Development (EBRD) is indeed an international financial institution. It was established in 1991 to support the transition of countries in Central and Eastern Europe towards market-oriented economies. Its geographical scope has expanded over the years, and it now operates in countries ranging from eastern Europe to central Asia and the southern and eastern Mediterranean. The bank provides financing and expertise for various projects, including infrastructure development, energy efficiency, private sector development, and financial sector reform.
2. The mandate of the EBRD stipulates that it must only work in countries that are committed to democratic principles.
The statement is correct. The mandate of the EBRD includes a commitment to support countries that are committed to democratic principles. This requirement is outlined in the bank's Articles of Agreement. The EBRD aims to promote the transition to democracy and market economies in its member countries. It works closely with governments, businesses, and civil society organizations to foster sustainable development and promote good governance.
3. India is yet to join the European Bank for Reconstruction and Development (EBRD).
The statement is incorrect. India became a member of the European Bank for Reconstruction and Development (EBRD) in 2018. India's membership in the bank allows it to collaborate with the EBRD in areas such as infrastructure development, energy efficiency, and private sector investment. This partnership provides opportunities for both India and the EBRD to work together and support sustainable development in the region.
In conclusion, the correct statements are 1 and 2, i.e., the European Bank for Reconstruction and Development (EBRD) supports projects from eastern Europe to central Asia and the southern and eastern Mediterranean, and its mandate stipulates that it must only work in countries committed to democratic principles. Statement 3 is incorrect as India has already joined the EBRD.
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
Consider the following statements about European Bank for Reconstruction and Development (EBRD). The European Bank for Reconstruction and Development (EBRD) is an international financial institution that supports projects from eastern Europe to central Asia and the southern and eastern Mediterranean. The mandate of the EBRD stipulates that it must only work in countries that are committed to democratic principles. India is yet to join European Bank for Reconstruction and Development (EBRD).Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'B'. Can you explain this answer?
Question Description
Consider the following statements about European Bank for Reconstruction and Development (EBRD). The European Bank for Reconstruction and Development (EBRD) is an international financial institution that supports projects from eastern Europe to central Asia and the southern and eastern Mediterranean. The mandate of the EBRD stipulates that it must only work in countries that are committed to democratic principles. India is yet to join European Bank for Reconstruction and Development (EBRD).Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements about European Bank for Reconstruction and Development (EBRD). The European Bank for Reconstruction and Development (EBRD) is an international financial institution that supports projects from eastern Europe to central Asia and the southern and eastern Mediterranean. The mandate of the EBRD stipulates that it must only work in countries that are committed to democratic principles. India is yet to join European Bank for Reconstruction and Development (EBRD).Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements about European Bank for Reconstruction and Development (EBRD). The European Bank for Reconstruction and Development (EBRD) is an international financial institution that supports projects from eastern Europe to central Asia and the southern and eastern Mediterranean. The mandate of the EBRD stipulates that it must only work in countries that are committed to democratic principles. India is yet to join European Bank for Reconstruction and Development (EBRD).Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'B'. Can you explain this answer?.
Consider the following statements about European Bank for Reconstruction and Development (EBRD). The European Bank for Reconstruction and Development (EBRD) is an international financial institution that supports projects from eastern Europe to central Asia and the southern and eastern Mediterranean. The mandate of the EBRD stipulates that it must only work in countries that are committed to democratic principles. India is yet to join European Bank for Reconstruction and Development (EBRD).Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements about European Bank for Reconstruction and Development (EBRD). The European Bank for Reconstruction and Development (EBRD) is an international financial institution that supports projects from eastern Europe to central Asia and the southern and eastern Mediterranean. The mandate of the EBRD stipulates that it must only work in countries that are committed to democratic principles. India is yet to join European Bank for Reconstruction and Development (EBRD).Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements about European Bank for Reconstruction and Development (EBRD). The European Bank for Reconstruction and Development (EBRD) is an international financial institution that supports projects from eastern Europe to central Asia and the southern and eastern Mediterranean. The mandate of the EBRD stipulates that it must only work in countries that are committed to democratic principles. India is yet to join European Bank for Reconstruction and Development (EBRD).Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following statements about European Bank for Reconstruction and Development (EBRD). The European Bank for Reconstruction and Development (EBRD) is an international financial institution that supports projects from eastern Europe to central Asia and the southern and eastern Mediterranean. The mandate of the EBRD stipulates that it must only work in countries that are committed to democratic principles. India is yet to join European Bank for Reconstruction and Development (EBRD).Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Consider the following statements about European Bank for Reconstruction and Development (EBRD). The European Bank for Reconstruction and Development (EBRD) is an international financial institution that supports projects from eastern Europe to central Asia and the southern and eastern Mediterranean. The mandate of the EBRD stipulates that it must only work in countries that are committed to democratic principles. India is yet to join European Bank for Reconstruction and Development (EBRD).Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Consider the following statements about European Bank for Reconstruction and Development (EBRD). The European Bank for Reconstruction and Development (EBRD) is an international financial institution that supports projects from eastern Europe to central Asia and the southern and eastern Mediterranean. The mandate of the EBRD stipulates that it must only work in countries that are committed to democratic principles. India is yet to join European Bank for Reconstruction and Development (EBRD).Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the following statements about European Bank for Reconstruction and Development (EBRD). The European Bank for Reconstruction and Development (EBRD) is an international financial institution that supports projects from eastern Europe to central Asia and the southern and eastern Mediterranean. The mandate of the EBRD stipulates that it must only work in countries that are committed to democratic principles. India is yet to join European Bank for Reconstruction and Development (EBRD).Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the following statements about European Bank for Reconstruction and Development (EBRD). The European Bank for Reconstruction and Development (EBRD) is an international financial institution that supports projects from eastern Europe to central Asia and the southern and eastern Mediterranean. The mandate of the EBRD stipulates that it must only work in countries that are committed to democratic principles. India is yet to join European Bank for Reconstruction and Development (EBRD).Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements about European Bank for Reconstruction and Development (EBRD). The European Bank for Reconstruction and Development (EBRD) is an international financial institution that supports projects from eastern Europe to central Asia and the southern and eastern Mediterranean. The mandate of the EBRD stipulates that it must only work in countries that are committed to democratic principles. India is yet to join European Bank for Reconstruction and Development (EBRD).Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup