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Direction: Kindly read the passage carefully and answer the questions given below.While Pakistan is beset by multiple crises on the political, social and economic fronts, media attention is focused on the debt crisis and analysts are preoccupied with the question whether the IMF would soon release a last tranche of $1.1 billion out of a $6.5 billion loan programme sanctioned in July 2019 and subsequently extended and enhanced. That tranche is presented as a prerequisite for a resolution of the debt crisis facing the country. The government in Pakistan, beleaguered by multiple crises, also seems convinced by this argument and is struggling to meet conditions that have been set by the multilateral institution for release of the sum.More recently, as the US lost confidence and interest in its operations in the region and reduced lending to Pakistan, China entered the picture. Its strategic interests made Pakistan an important ally, leading to provision of large funds, including to projects that were part of the Belt and Road initiative. As a result, while the share of bilateral loans in Pakistan’s outstanding external debt remained stagnant around 28 per cent between 2014 and 2021, the share of the Paris Club creditors declined because of “aid fatigue”, whereas that of China rose sharply (from 7.8 per cent of outstanding eternal debt in 2014 to 19.2 per cent in 2021). With lending by China directed mainly to the government, China’s share in government is 30 per cent. If the burden of debt restructuring is to fall largely on bilateral creditors, then China would have to shoulder a very large proportion of that burden and suffer the most losses. This is not likely to be acceptable to China, for three reasons.First, although it has been a dominant bilateral lender to Pakistan over the last decade, it cannot be held solely responsible for the weaknesses that have pushed Pakistan to a situation where it is on the verge of default. Second, while China may be willing to take a hit to help Pakistan, it does not see why it must take most of the haircut, while multilaterals like the World Bank and the Asian Development Bank go scot-free. And, finally, even to the extent that it does take a cut, it does not see why it should allow the magnitude and nature of the cut to be determined in a negotiation led by the IMF and the governments that dominate it. Given all this, it is unlikely that the IMF with its small one billion plus contribution would be able to force an early resolution. Despite this, the IMF is choosing to use that argument to pressure the government in Pakistan into adopting policies that would only worsen rather than alleviate its problems.Q.What is the main reason for the rise in Chinas share of Pakistans external debt from 7.8% in 2014 to 19.2% in 2021?a)Chinas increased interest in Pakistans political situationb)Chinas Belt and Road initiative investmentsc)Chinas desire to compete with the IMFd)Chinas reduced lending to other countriesCorrect answer is option 'B'. Can you explain this answer? for CLAT 2024 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Direction: Kindly read the passage carefully and answer the questions given below.While Pakistan is beset by multiple crises on the political, social and economic fronts, media attention is focused on the debt crisis and analysts are preoccupied with the question whether the IMF would soon release a last tranche of $1.1 billion out of a $6.5 billion loan programme sanctioned in July 2019 and subsequently extended and enhanced. That tranche is presented as a prerequisite for a resolution of the debt crisis facing the country. The government in Pakistan, beleaguered by multiple crises, also seems convinced by this argument and is struggling to meet conditions that have been set by the multilateral institution for release of the sum.More recently, as the US lost confidence and interest in its operations in the region and reduced lending to Pakistan, China entered the picture. Its strategic interests made Pakistan an important ally, leading to provision of large funds, including to projects that were part of the Belt and Road initiative. As a result, while the share of bilateral loans in Pakistan’s outstanding external debt remained stagnant around 28 per cent between 2014 and 2021, the share of the Paris Club creditors declined because of “aid fatigue”, whereas that of China rose sharply (from 7.8 per cent of outstanding eternal debt in 2014 to 19.2 per cent in 2021). With lending by China directed mainly to the government, China’s share in government is 30 per cent. If the burden of debt restructuring is to fall largely on bilateral creditors, then China would have to shoulder a very large proportion of that burden and suffer the most losses. This is not likely to be acceptable to China, for three reasons.First, although it has been a dominant bilateral lender to Pakistan over the last decade, it cannot be held solely responsible for the weaknesses that have pushed Pakistan to a situation where it is on the verge of default. Second, while China may be willing to take a hit to help Pakistan, it does not see why it must take most of the haircut, while multilaterals like the World Bank and the Asian Development Bank go scot-free. And, finally, even to the extent that it does take a cut, it does not see why it should allow the magnitude and nature of the cut to be determined in a negotiation led by the IMF and the governments that dominate it. Given all this, it is unlikely that the IMF with its small one billion plus contribution would be able to force an early resolution. Despite this, the IMF is choosing to use that argument to pressure the government in Pakistan into adopting policies that would only worsen rather than alleviate its problems.Q.What is the main reason for the rise in Chinas share of Pakistans external debt from 7.8% in 2014 to 19.2% in 2021?a)Chinas increased interest in Pakistans political situationb)Chinas Belt and Road initiative investmentsc)Chinas desire to compete with the IMFd)Chinas reduced lending to other countriesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CLAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Kindly read the passage carefully and answer the questions given below.While Pakistan is beset by multiple crises on the political, social and economic fronts, media attention is focused on the debt crisis and analysts are preoccupied with the question whether the IMF would soon release a last tranche of $1.1 billion out of a $6.5 billion loan programme sanctioned in July 2019 and subsequently extended and enhanced. That tranche is presented as a prerequisite for a resolution of the debt crisis facing the country. The government in Pakistan, beleaguered by multiple crises, also seems convinced by this argument and is struggling to meet conditions that have been set by the multilateral institution for release of the sum.More recently, as the US lost confidence and interest in its operations in the region and reduced lending to Pakistan, China entered the picture. Its strategic interests made Pakistan an important ally, leading to provision of large funds, including to projects that were part of the Belt and Road initiative. As a result, while the share of bilateral loans in Pakistan’s outstanding external debt remained stagnant around 28 per cent between 2014 and 2021, the share of the Paris Club creditors declined because of “aid fatigue”, whereas that of China rose sharply (from 7.8 per cent of outstanding eternal debt in 2014 to 19.2 per cent in 2021). With lending by China directed mainly to the government, China’s share in government is 30 per cent. If the burden of debt restructuring is to fall largely on bilateral creditors, then China would have to shoulder a very large proportion of that burden and suffer the most losses. This is not likely to be acceptable to China, for three reasons.First, although it has been a dominant bilateral lender to Pakistan over the last decade, it cannot be held solely responsible for the weaknesses that have pushed Pakistan to a situation where it is on the verge of default. Second, while China may be willing to take a hit to help Pakistan, it does not see why it must take most of the haircut, while multilaterals like the World Bank and the Asian Development Bank go scot-free. And, finally, even to the extent that it does take a cut, it does not see why it should allow the magnitude and nature of the cut to be determined in a negotiation led by the IMF and the governments that dominate it. Given all this, it is unlikely that the IMF with its small one billion plus contribution would be able to force an early resolution. Despite this, the IMF is choosing to use that argument to pressure the government in Pakistan into adopting policies that would only worsen rather than alleviate its problems.Q.What is the main reason for the rise in Chinas share of Pakistans external debt from 7.8% in 2014 to 19.2% in 2021?a)Chinas increased interest in Pakistans political situationb)Chinas Belt and Road initiative investmentsc)Chinas desire to compete with the IMFd)Chinas reduced lending to other countriesCorrect answer is option 'B'. Can you explain this answer?.

Solutions for Direction: Kindly read the passage carefully and answer the questions given below.While Pakistan is beset by multiple crises on the political, social and economic fronts, media attention is focused on the debt crisis and analysts are preoccupied with the question whether the IMF would soon release a last tranche of $1.1 billion out of a $6.5 billion loan programme sanctioned in July 2019 and subsequently extended and enhanced. That tranche is presented as a prerequisite for a resolution of the debt crisis facing the country. The government in Pakistan, beleaguered by multiple crises, also seems convinced by this argument and is struggling to meet conditions that have been set by the multilateral institution for release of the sum.More recently, as the US lost confidence and interest in its operations in the region and reduced lending to Pakistan, China entered the picture. Its strategic interests made Pakistan an important ally, leading to provision of large funds, including to projects that were part of the Belt and Road initiative. As a result, while the share of bilateral loans in Pakistan’s outstanding external debt remained stagnant around 28 per cent between 2014 and 2021, the share of the Paris Club creditors declined because of “aid fatigue”, whereas that of China rose sharply (from 7.8 per cent of outstanding eternal debt in 2014 to 19.2 per cent in 2021). With lending by China directed mainly to the government, China’s share in government is 30 per cent. If the burden of debt restructuring is to fall largely on bilateral creditors, then China would have to shoulder a very large proportion of that burden and suffer the most losses. This is not likely to be acceptable to China, for three reasons.First, although it has been a dominant bilateral lender to Pakistan over the last decade, it cannot be held solely responsible for the weaknesses that have pushed Pakistan to a situation where it is on the verge of default. Second, while China may be willing to take a hit to help Pakistan, it does not see why it must take most of the haircut, while multilaterals like the World Bank and the Asian Development Bank go scot-free. And, finally, even to the extent that it does take a cut, it does not see why it should allow the magnitude and nature of the cut to be determined in a negotiation led by the IMF and the governments that dominate it. Given all this, it is unlikely that the IMF with its small one billion plus contribution would be able to force an early resolution. Despite this, the IMF is choosing to use that argument to pressure the government in Pakistan into adopting policies that would only worsen rather than alleviate its problems.Q.What is the main reason for the rise in Chinas share of Pakistans external debt from 7.8% in 2014 to 19.2% in 2021?a)Chinas increased interest in Pakistans political situationb)Chinas Belt and Road initiative investmentsc)Chinas desire to compete with the IMFd)Chinas reduced lending to other countriesCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of Direction: Kindly read the passage carefully and answer the questions given below.While Pakistan is beset by multiple crises on the political, social and economic fronts, media attention is focused on the debt crisis and analysts are preoccupied with the question whether the IMF would soon release a last tranche of $1.1 billion out of a $6.5 billion loan programme sanctioned in July 2019 and subsequently extended and enhanced. That tranche is presented as a prerequisite for a resolution of the debt crisis facing the country. The government in Pakistan, beleaguered by multiple crises, also seems convinced by this argument and is struggling to meet conditions that have been set by the multilateral institution for release of the sum.More recently, as the US lost confidence and interest in its operations in the region and reduced lending to Pakistan, China entered the picture. Its strategic interests made Pakistan an important ally, leading to provision of large funds, including to projects that were part of the Belt and Road initiative. As a result, while the share of bilateral loans in Pakistan’s outstanding external debt remained stagnant around 28 per cent between 2014 and 2021, the share of the Paris Club creditors declined because of “aid fatigue”, whereas that of China rose sharply (from 7.8 per cent of outstanding eternal debt in 2014 to 19.2 per cent in 2021). With lending by China directed mainly to the government, China’s share in government is 30 per cent. If the burden of debt restructuring is to fall largely on bilateral creditors, then China would have to shoulder a very large proportion of that burden and suffer the most losses. This is not likely to be acceptable to China, for three reasons.First, although it has been a dominant bilateral lender to Pakistan over the last decade, it cannot be held solely responsible for the weaknesses that have pushed Pakistan to a situation where it is on the verge of default. Second, while China may be willing to take a hit to help Pakistan, it does not see why it must take most of the haircut, while multilaterals like the World Bank and the Asian Development Bank go scot-free. And, finally, even to the extent that it does take a cut, it does not see why it should allow the magnitude and nature of the cut to be determined in a negotiation led by the IMF and the governments that dominate it. Given all this, it is unlikely that the IMF with its small one billion plus contribution would be able to force an early resolution. Despite this, the IMF is choosing to use that argument to pressure the government in Pakistan into adopting policies that would only worsen rather than alleviate its problems.Q.What is the main reason for the rise in Chinas share of Pakistans external debt from 7.8% in 2014 to 19.2% in 2021?a)Chinas increased interest in Pakistans political situationb)Chinas Belt and Road initiative investmentsc)Chinas desire to compete with the IMFd)Chinas reduced lending to other countriesCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Direction: Kindly read the passage carefully and answer the questions given below.While Pakistan is beset by multiple crises on the political, social and economic fronts, media attention is focused on the debt crisis and analysts are preoccupied with the question whether the IMF would soon release a last tranche of $1.1 billion out of a $6.5 billion loan programme sanctioned in July 2019 and subsequently extended and enhanced. That tranche is presented as a prerequisite for a resolution of the debt crisis facing the country. The government in Pakistan, beleaguered by multiple crises, also seems convinced by this argument and is struggling to meet conditions that have been set by the multilateral institution for release of the sum.More recently, as the US lost confidence and interest in its operations in the region and reduced lending to Pakistan, China entered the picture. Its strategic interests made Pakistan an important ally, leading to provision of large funds, including to projects that were part of the Belt and Road initiative. As a result, while the share of bilateral loans in Pakistan’s outstanding external debt remained stagnant around 28 per cent between 2014 and 2021, the share of the Paris Club creditors declined because of “aid fatigue”, whereas that of China rose sharply (from 7.8 per cent of outstanding eternal debt in 2014 to 19.2 per cent in 2021). With lending by China directed mainly to the government, China’s share in government is 30 per cent. If the burden of debt restructuring is to fall largely on bilateral creditors, then China would have to shoulder a very large proportion of that burden and suffer the most losses. This is not likely to be acceptable to China, for three reasons.First, although it has been a dominant bilateral lender to Pakistan over the last decade, it cannot be held solely responsible for the weaknesses that have pushed Pakistan to a situation where it is on the verge of default. Second, while China may be willing to take a hit to help Pakistan, it does not see why it must take most of the haircut, while multilaterals like the World Bank and the Asian Development Bank go scot-free. And, finally, even to the extent that it does take a cut, it does not see why it should allow the magnitude and nature of the cut to be determined in a negotiation led by the IMF and the governments that dominate it. Given all this, it is unlikely that the IMF with its small one billion plus contribution would be able to force an early resolution. Despite this, the IMF is choosing to use that argument to pressure the government in Pakistan into adopting policies that would only worsen rather than alleviate its problems.Q.What is the main reason for the rise in Chinas share of Pakistans external debt from 7.8% in 2014 to 19.2% in 2021?a)Chinas increased interest in Pakistans political situationb)Chinas Belt and Road initiative investmentsc)Chinas desire to compete with the IMFd)Chinas reduced lending to other countriesCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Direction: Kindly read the passage carefully and answer the questions given below.While Pakistan is beset by multiple crises on the political, social and economic fronts, media attention is focused on the debt crisis and analysts are preoccupied with the question whether the IMF would soon release a last tranche of $1.1 billion out of a $6.5 billion loan programme sanctioned in July 2019 and subsequently extended and enhanced. That tranche is presented as a prerequisite for a resolution of the debt crisis facing the country. The government in Pakistan, beleaguered by multiple crises, also seems convinced by this argument and is struggling to meet conditions that have been set by the multilateral institution for release of the sum.More recently, as the US lost confidence and interest in its operations in the region and reduced lending to Pakistan, China entered the picture. Its strategic interests made Pakistan an important ally, leading to provision of large funds, including to projects that were part of the Belt and Road initiative. As a result, while the share of bilateral loans in Pakistan’s outstanding external debt remained stagnant around 28 per cent between 2014 and 2021, the share of the Paris Club creditors declined because of “aid fatigue”, whereas that of China rose sharply (from 7.8 per cent of outstanding eternal debt in 2014 to 19.2 per cent in 2021). With lending by China directed mainly to the government, China’s share in government is 30 per cent. If the burden of debt restructuring is to fall largely on bilateral creditors, then China would have to shoulder a very large proportion of that burden and suffer the most losses. This is not likely to be acceptable to China, for three reasons.First, although it has been a dominant bilateral lender to Pakistan over the last decade, it cannot be held solely responsible for the weaknesses that have pushed Pakistan to a situation where it is on the verge of default. Second, while China may be willing to take a hit to help Pakistan, it does not see why it must take most of the haircut, while multilaterals like the World Bank and the Asian Development Bank go scot-free. And, finally, even to the extent that it does take a cut, it does not see why it should allow the magnitude and nature of the cut to be determined in a negotiation led by the IMF and the governments that dominate it. Given all this, it is unlikely that the IMF with its small one billion plus contribution would be able to force an early resolution. Despite this, the IMF is choosing to use that argument to pressure the government in Pakistan into adopting policies that would only worsen rather than alleviate its problems.Q.What is the main reason for the rise in Chinas share of Pakistans external debt from 7.8% in 2014 to 19.2% in 2021?a)Chinas increased interest in Pakistans political situationb)Chinas Belt and Road initiative investmentsc)Chinas desire to compete with the IMFd)Chinas reduced lending to other countriesCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Direction: Kindly read the passage carefully and answer the questions given below.While Pakistan is beset by multiple crises on the political, social and economic fronts, media attention is focused on the debt crisis and analysts are preoccupied with the question whether the IMF would soon release a last tranche of $1.1 billion out of a $6.5 billion loan programme sanctioned in July 2019 and subsequently extended and enhanced. That tranche is presented as a prerequisite for a resolution of the debt crisis facing the country. The government in Pakistan, beleaguered by multiple crises, also seems convinced by this argument and is struggling to meet conditions that have been set by the multilateral institution for release of the sum.More recently, as the US lost confidence and interest in its operations in the region and reduced lending to Pakistan, China entered the picture. Its strategic interests made Pakistan an important ally, leading to provision of large funds, including to projects that were part of the Belt and Road initiative. As a result, while the share of bilateral loans in Pakistan’s outstanding external debt remained stagnant around 28 per cent between 2014 and 2021, the share of the Paris Club creditors declined because of “aid fatigue”, whereas that of China rose sharply (from 7.8 per cent of outstanding eternal debt in 2014 to 19.2 per cent in 2021). With lending by China directed mainly to the government, China’s share in government is 30 per cent. If the burden of debt restructuring is to fall largely on bilateral creditors, then China would have to shoulder a very large proportion of that burden and suffer the most losses. This is not likely to be acceptable to China, for three reasons.First, although it has been a dominant bilateral lender to Pakistan over the last decade, it cannot be held solely responsible for the weaknesses that have pushed Pakistan to a situation where it is on the verge of default. Second, while China may be willing to take a hit to help Pakistan, it does not see why it must take most of the haircut, while multilaterals like the World Bank and the Asian Development Bank go scot-free. And, finally, even to the extent that it does take a cut, it does not see why it should allow the magnitude and nature of the cut to be determined in a negotiation led by the IMF and the governments that dominate it. Given all this, it is unlikely that the IMF with its small one billion plus contribution would be able to force an early resolution. Despite this, the IMF is choosing to use that argument to pressure the government in Pakistan into adopting policies that would only worsen rather than alleviate its problems.Q.What is the main reason for the rise in Chinas share of Pakistans external debt from 7.8% in 2014 to 19.2% in 2021?a)Chinas increased interest in Pakistans political situationb)Chinas Belt and Road initiative investmentsc)Chinas desire to compete with the IMFd)Chinas reduced lending to other countriesCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Direction: Kindly read the passage carefully and answer the questions given below.While Pakistan is beset by multiple crises on the political, social and economic fronts, media attention is focused on the debt crisis and analysts are preoccupied with the question whether the IMF would soon release a last tranche of $1.1 billion out of a $6.5 billion loan programme sanctioned in July 2019 and subsequently extended and enhanced. That tranche is presented as a prerequisite for a resolution of the debt crisis facing the country. The government in Pakistan, beleaguered by multiple crises, also seems convinced by this argument and is struggling to meet conditions that have been set by the multilateral institution for release of the sum.More recently, as the US lost confidence and interest in its operations in the region and reduced lending to Pakistan, China entered the picture. Its strategic interests made Pakistan an important ally, leading to provision of large funds, including to projects that were part of the Belt and Road initiative. As a result, while the share of bilateral loans in Pakistan’s outstanding external debt remained stagnant around 28 per cent between 2014 and 2021, the share of the Paris Club creditors declined because of “aid fatigue”, whereas that of China rose sharply (from 7.8 per cent of outstanding eternal debt in 2014 to 19.2 per cent in 2021). With lending by China directed mainly to the government, China’s share in government is 30 per cent. If the burden of debt restructuring is to fall largely on bilateral creditors, then China would have to shoulder a very large proportion of that burden and suffer the most losses. This is not likely to be acceptable to China, for three reasons.First, although it has been a dominant bilateral lender to Pakistan over the last decade, it cannot be held solely responsible for the weaknesses that have pushed Pakistan to a situation where it is on the verge of default. Second, while China may be willing to take a hit to help Pakistan, it does not see why it must take most of the haircut, while multilaterals like the World Bank and the Asian Development Bank go scot-free. And, finally, even to the extent that it does take a cut, it does not see why it should allow the magnitude and nature of the cut to be determined in a negotiation led by the IMF and the governments that dominate it. Given all this, it is unlikely that the IMF with its small one billion plus contribution would be able to force an early resolution. Despite this, the IMF is choosing to use that argument to pressure the government in Pakistan into adopting policies that would only worsen rather than alleviate its problems.Q.What is the main reason for the rise in Chinas share of Pakistans external debt from 7.8% in 2014 to 19.2% in 2021?a)Chinas increased interest in Pakistans political situationb)Chinas Belt and Road initiative investmentsc)Chinas desire to compete with the IMFd)Chinas reduced lending to other countriesCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CLAT tests.