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With reference to the Shanghai Cooperation Organisation Interbank Consortium, consider the following statements:
- It was established after the 2008 Global financial crisis.
- The first meeting of this consortium was held under India’s presidency in New Delhi.
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 'D'. Can you explain this answer?
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Most Upvoted Answer
With reference to the Shanghai Cooperation Organisation Interbank Cons...
False.
The first statement is false. The Shanghai Cooperation Organisation Interbank Consortium was established in 2005, before the 2008 Global financial crisis.
The second statement is also false. The first meeting of the consortium was not held under India, but rather under Russia, which is one of the founding members of the Shanghai Cooperation Organisation.
The first statement is false. The Shanghai Cooperation Organisation Interbank Consortium was established in 2005, before the 2008 Global financial crisis.
The second statement is also false. The first meeting of the consortium was not held under India, but rather under Russia, which is one of the founding members of the Shanghai Cooperation Organisation.
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With reference to the Shanghai Cooperation Organisation Interbank Cons...
Recently, under the chairmanship of India, the XIX Council Meeting of the Shanghai Cooperation Organisation Interbank Consortium (SCO IBC) was held in Goa.
- It was established by the member countries of the Shanghai Cooperation Organisation on 26 October 2005.
- It provides funding and bank services for investment projects sponsored by the governments of the SCO member states.
- The main objectives of the consortium are to provide financial services, promote trade, and facilitate investment among the member states.
- The SCO IBC Council meets ad hoc upon the consensus of all of the parties at least once per year.
- The Presidency of the Council is carried out on a rotational basis.
- It consists of major banks from the member countries, such as the Industrial and Commercial Bank of China, the National Bank of Kazakhstan, and the Bank of Russia.
- The first meeting of this organization was held in Beijing on 21–22 February 2006.
Hence both statements are not correct.
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With reference to the Shanghai Cooperation Organisation Interbank Consortium, consider the following statements: It was established after the 2008 Global financial crisis. The first meeting of this consortium was held under India’s presidency in New Delhi.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 'D'. Can you explain this answer?
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With reference to the Shanghai Cooperation Organisation Interbank Consortium, consider the following statements: It was established after the 2008 Global financial crisis. The first meeting of this consortium was held under India’s presidency in New Delhi.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 'D'. 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 With reference to the Shanghai Cooperation Organisation Interbank Consortium, consider the following statements: It was established after the 2008 Global financial crisis. The first meeting of this consortium was held under India’s presidency in New Delhi.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 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Shanghai Cooperation Organisation Interbank Consortium, consider the following statements: It was established after the 2008 Global financial crisis. The first meeting of this consortium was held under India’s presidency in New Delhi.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 'D'. Can you explain this answer?.
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