Consider the following statements:1. International Civil Aviation Organization(ICAO)is not a specialized agency of the United Nation.2. International Institute for the Unification of Private Law(UNIDROIT) is an intergovernmental organization whose objective is toharmonizeinternationalprivate lawacross countries.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?

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Consider the following statements:

1. International Civil Aviation Organization (ICAO) is not a specialized agency of the United Nation.

2. International Institute for the Unification of Private Law (UNIDROIT) is an intergovernmental organization whose objective is to harmonize international private law across countries.

Which of the statements given above is/are correct?

a)
1 only
b)
2 only
c)
Both 1 and 2
d)
Neither 1 nor 2

Correct answer is option 'B'. Can you explain this answer?

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Daily Current Affairs MCQ- August 25, 2022

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Consider the following statements:1. International Civil Aviation Orga...

The Ministry of Civil Aviation has proposed a new law that will help international aircraft leasing companies to repossess and transfer planes out of India in case of a financial dispute with an Indian airline.

Cape Town Convention & Protocol:

The Convention on International Interests in Mobile Equipment was concluded in Cape Town in November 2001, as was the Protocol on Matters Specific to Aircraft Equipment.
83 countries, including India, have signed and ratified the Convention & the Protocol.
India acceded to the Convention and the Protocol in March, 2008 which after a waiting period of three months became effective in July, 2008.

Objective:

The primary aim of the Convention and the Protocol is to resolve the problem of obtaining certain and opposable rights to high-value aviation assets, namely airframes, aircraft engines and helicopters which, by their nature, have no fixed location.

The convention & the protocol was jointly adopted by International Civil Aviation Organization (ICAO) and International Institute for the Unification of Private Law (UNIDROIT).

ICAO, a specialized agency of the UN, changes the principles and techniques of international air navigation and fosters the planning and development of international air transport to ensure safe and orderly growth.
UNIDROIT is an intergovernmental organization whose objective is to harmonize international private law across countries through uniform rules, international conventions, and the production of model laws, sets of principles, guides and guidelines.

Hence only statement 2 is correct.

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Consider the following statements:1. International Civil Aviation Organization(ICAO)is not a specialized agency of the United Nation.2. International Institute for the Unification of Private Law(UNIDROIT) is an intergovernmental organization whose objective is toharmonizeinternationalprivate lawacross countries.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?

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