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Consider the following statements regarding the Organisation for Economic Co-operation and Development (OECD)?
  1. It is an international organisation of 38 countries committed to democracy and the market economy.
  2. India became a member of OECD in 2019.
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 'A'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding the Organisation for Econo...
The Gujarat government recently signed an agreement with the Organisation for Economic Co-operation and Development (OECD) to conduct the Programme for International Student Assessment (PISA) test for students of government schools.
Key facts about Organisation for Economic Co-operation and Development (OECD):
  • It is an international organisation of 38 countries committed to democracy and the market economy.
  • OECD members are typically democratic countries that support free-market economies.
  • The OECD was established on Dec. 14, 1960, by 18 European nations, plus the United States and Canada.
  • Headquarters: Paris, France.
  • The stated goal of the Organisation for Economic Co-operation and Development (OECD) is to shape policies that foster prosperity, equality, opportunity and well-being for all.
  • The OECD publishes economic reports, statistical databases, analyses, and forecasts on the outlook for economic growth worldwide.
  • The organization also seeks to eliminate bribery and other financial crime worldwide.
  • The OECD maintains a so-called "black list" of nations that are considered uncooperative tax havens.
  • India is one of the many non-member economies with which the OECD has working relationships in addition to its member countries. 
Hence only statement 1 is correct.
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Consider the following statements regarding the Organisation for Economic Co-operation and Development (OECD)? It is an international organisation of 38 countries committed to democracy and the market economy. India became a member of OECD in 2019.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 'A'. Can you explain this answer?
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