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India is not a member of which of the following organization/agency of World Bank Group?
- a)Multilateral Investment Guarantee Agency
- b)International Development Association
- c)International Centre for Settlement of Investment Disputes
- d)International Finance Corporation
Correct answer is option 'C'. Can you explain this answer?
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India is not a member of which of the following organization/agency of...
International Centre for Settlement of Investment Disputes (ICSID) is an autonomous international organization that is a part of the World Bank Group. It was established in 1966 with the objective of providing a forum for the settlement of investment disputes between governments and foreign investors.
ICSID provides a framework for the conciliation and arbitration of investment disputes. It has its own set of rules and procedures for the settlement of disputes, which are based on the principles of fairness, impartiality, and transparency.
India is not a member of the International Centre for Settlement of Investment Disputes (ICSID).
Here are the details of the other organizations/agencies of the World Bank Group that India is a member of:
1. Multilateral Investment Guarantee Agency (MIGA): MIGA is a member of the World Bank Group and its objective is to promote foreign direct investment (FDI) into developing countries by providing guarantees against political risks. India is a member of MIGA and has benefited from its services in attracting FDI.
2. International Development Association (IDA): IDA is the concessional lending arm of the World Bank Group. Its primary objective is to provide financial assistance to the world's poorest countries. India is a member of IDA and has received significant financial assistance from it for various development projects.
3. International Finance Corporation (IFC): IFC is a member of the World Bank Group and its objective is to promote private sector investment in developing countries. It provides financing and technical assistance to private sector projects. India is a member of IFC and has received support from it for various private sector projects.
In conclusion, India is a member of the Multilateral Investment Guarantee Agency (MIGA), the International Development Association (IDA), and the International Finance Corporation (IFC) of the World Bank Group. However, it is not a member of the International Centre for Settlement of Investment Disputes (ICSID).
ICSID provides a framework for the conciliation and arbitration of investment disputes. It has its own set of rules and procedures for the settlement of disputes, which are based on the principles of fairness, impartiality, and transparency.
India is not a member of the International Centre for Settlement of Investment Disputes (ICSID).
Here are the details of the other organizations/agencies of the World Bank Group that India is a member of:
1. Multilateral Investment Guarantee Agency (MIGA): MIGA is a member of the World Bank Group and its objective is to promote foreign direct investment (FDI) into developing countries by providing guarantees against political risks. India is a member of MIGA and has benefited from its services in attracting FDI.
2. International Development Association (IDA): IDA is the concessional lending arm of the World Bank Group. Its primary objective is to provide financial assistance to the world's poorest countries. India is a member of IDA and has received significant financial assistance from it for various development projects.
3. International Finance Corporation (IFC): IFC is a member of the World Bank Group and its objective is to promote private sector investment in developing countries. It provides financing and technical assistance to private sector projects. India is a member of IFC and has received support from it for various private sector projects.
In conclusion, India is a member of the Multilateral Investment Guarantee Agency (MIGA), the International Development Association (IDA), and the International Finance Corporation (IFC) of the World Bank Group. However, it is not a member of the International Centre for Settlement of Investment Disputes (ICSID).
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India is not a member of which of the following organization/agency of...
- The International Centre for Settlement of Investment Disputes (ICSID) is an international arbitration institution established in 1966 for legal dispute resolution and conciliation between international investors and States. ICSID is part of and funded by the World Bank.
- India has never been an ICSID member.
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India is not a member of which of the following organization/agency of World Bank Group?a)Multilateral Investment Guarantee Agencyb)International Development Associationc)International Centre for Settlement of Investment Disputesd)International Finance CorporationCorrect answer is option 'C'. Can you explain this answer?
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