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Consider the following pairs:
1. UNCITRAL Model Law on Cross-Border Insolvency (1997) : Provides a framework for cooperation among courts and administrators in various countries based on four pillars: access, recognition, cooperation, and coordination.
2. EU Insolvency Regulation : A framework for managing insolvency cases within EU member states, facilitating recognition of insolvency proceedings across borders within the EU.
3. NAFTA/US-Mexico-Canada Agreement (USMCA) : Contains comprehensive provisions for addressing insolvencies with cross-border implications among member countries.
4. Insolvency and Bankruptcy Code (IBC) in India : Provides a comprehensive and standardized framework for cross-border insolvency in India.
How many pairs given above are correctly matched?
  • a)
    Only one pair
  • b)
    Only two pairs
  • c)
    Only three pairs
  • d)
    All four pairs
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following pairs:1. UNCITRAL Model Law on Cross-Border In...
1. UNCITRAL Model Law on Cross-Border Insolvency (1997): Correctly matched. It provides a framework for cooperation among courts and administrators in various countries and is based on four pillars: access, recognition, cooperation, and coordination.
2. EU Insolvency Regulation: Correctly matched. It provides a framework for managing insolvency cases within EU member states and facilitates the recognition of insolvency proceedings across borders within the EU.
3. NAFTA/US-Mexico-Canada Agreement (USMCA): Incorrectly matched. While the agreement contains some provisions for addressing cross-border insolvencies, it is not comprehensive.
4. Insolvency and Bankruptcy Code (IBC) in India: Incorrectly matched. The IBC does not provide a comprehensive and standardized framework for cross-border insolvency in India; it handles cases on a case-by-case basis and relies on bilateral agreements.
Thus, pairs 1 and 2 are correctly matched.
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Consider the following pairs:1. UNCITRAL Model Law on Cross-Border Insolvency (1997) : Provides a framework for cooperation among courts and administrators in various countries based on four pillars: access, recognition, cooperation, and coordination.2. EU Insolvency Regulation : A framework for managing insolvency cases within EU member states, facilitating recognition of insolvency proceedings across borders within the EU.3. NAFTA/US-Mexico-Canada Agreement (USMCA) : Contains comprehensive provisions for addressing insolvencies with cross-border implications among member countries.4. Insolvency and Bankruptcy Code (IBC) in India : Provides a comprehensive and standardized framework for cross-border insolvency in India.How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. Can you explain this answer?
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Consider the following pairs:1. UNCITRAL Model Law on Cross-Border Insolvency (1997) : Provides a framework for cooperation among courts and administrators in various countries based on four pillars: access, recognition, cooperation, and coordination.2. EU Insolvency Regulation : A framework for managing insolvency cases within EU member states, facilitating recognition of insolvency proceedings across borders within the EU.3. NAFTA/US-Mexico-Canada Agreement (USMCA) : Contains comprehensive provisions for addressing insolvencies with cross-border implications among member countries.4. Insolvency and Bankruptcy Code (IBC) in India : Provides a comprehensive and standardized framework for cross-border insolvency in India.How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. 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 pairs:1. UNCITRAL Model Law on Cross-Border Insolvency (1997) : Provides a framework for cooperation among courts and administrators in various countries based on four pillars: access, recognition, cooperation, and coordination.2. EU Insolvency Regulation : A framework for managing insolvency cases within EU member states, facilitating recognition of insolvency proceedings across borders within the EU.3. NAFTA/US-Mexico-Canada Agreement (USMCA) : Contains comprehensive provisions for addressing insolvencies with cross-border implications among member countries.4. Insolvency and Bankruptcy Code (IBC) in India : Provides a comprehensive and standardized framework for cross-border insolvency in India.How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. 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 pairs:1. UNCITRAL Model Law on Cross-Border Insolvency (1997) : Provides a framework for cooperation among courts and administrators in various countries based on four pillars: access, recognition, cooperation, and coordination.2. EU Insolvency Regulation : A framework for managing insolvency cases within EU member states, facilitating recognition of insolvency proceedings across borders within the EU.3. NAFTA/US-Mexico-Canada Agreement (USMCA) : Contains comprehensive provisions for addressing insolvencies with cross-border implications among member countries.4. Insolvency and Bankruptcy Code (IBC) in India : Provides a comprehensive and standardized framework for cross-border insolvency in India.How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. Can you explain this answer?.
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