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Consider the following statements regarding ‘India-US Economic and Financial Partnership’:
India and US, both reiterated commitment to step efforts to implement the G20 Common Framework for Debt Treatment.
  • Both Nations are committed to share the financial account information under the Foreign Account Tax Compliance Act (FATCA).
    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 'C'. Can you explain this answer?
    Most Upvoted Answer
    Consider the following statements regarding ‘India-US Economic and Fi...
    • India and US both reiterated commitment to step efforts to implement the G20 Common Framework for Debt Treatment in a predictable, timely, orderly and coordinated manner. Hence, statement 1 is correct.
    • India and US Both countries shared the re-energized global efforts to increase climate ambition as well as respective domestic efforts to meet publicly expressed climate goals. Both sides affirmed their commitment to debt sustainability, transparency in bilateral lending, and coordinating closely on extending fair and equal debt treatment to countries facing debt distress.
    • The two sides will continue to engage in discussions relating to the Foreign Account Tax Compliance Act (FATCA) for sharing of financial account information. Hence, statement 2 is correct.
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    Consider the following statements regarding ‘India-US Economic and Financial Partnership’: India and US, both reiterated commitment to step efforts to implement the G20 Common Framework for Debt Treatment. Both Nations are committed to share the financial account information under the Foreign Account Tax Compliance Act (FATCA). 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 'C'. Can you explain this answer?
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    Consider the following statements regarding ‘India-US Economic and Financial Partnership’: India and US, both reiterated commitment to step efforts to implement the G20 Common Framework for Debt Treatment. Both Nations are committed to share the financial account information under the Foreign Account Tax Compliance Act (FATCA). 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 'C'. 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 regarding ‘India-US Economic and Financial Partnership’: India and US, both reiterated commitment to step efforts to implement the G20 Common Framework for Debt Treatment. Both Nations are committed to share the financial account information under the Foreign Account Tax Compliance Act (FATCA). 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 'C'. 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 regarding ‘India-US Economic and Financial Partnership’: India and US, both reiterated commitment to step efforts to implement the G20 Common Framework for Debt Treatment. Both Nations are committed to share the financial account information under the Foreign Account Tax Compliance Act (FATCA). 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 'C'. Can you explain this answer?.
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