With reference to the “G20 Common Framework”, consider the following statements

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2022

GroupingsXRegional, International Relations

With reference to the “G20 Common Framework”, consider the following statements:
1. It is an initiative endorsed by the G20 together with the Paris Club.
2. It is an initiative to support Low Income Countries with unsustainable debt.

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

(c)

Explanation

Common Framework for debt treatment beyond the DSSI (Common Framework) is an initiative endorsed by the G20, together with the Paris Club, last November to support, in a structural manner, Low Income Countries with unsustainable debt. So Both statements are correct there for answer is “C”.

Microtheme: GroupingsXRegional —
25 questions asked in Prelims in the past.

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1. Belarus
2. Poland
3. Germany
4. Switzerland
- (a) 1, 2 and 4
- (b) 1 and 4 only
- (c) 2 and 3
- (d) 2 and 4 only
Correct Answer: (C) 2 and 3
[2025] Consider the following countries:
I. Austria
II. Bulgaria
III. Croatia
IV. Serbia
V. Sweden
VI. North Macedonia
How many of the above are members of the North Atlantic Treaty Organization?
- (a) Only three
- (b) Only four
- (c) Only five
- (d) All the six
Correct Answer: (B) Only four
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I. The 16th BRICS Summit was held under the Chairship of Russia in Kazan.
II. Indonesia has become a full member of BRICS.
III. The theme of the 16th BRICS Summit was Strengthening Multiculturalism for Just Global Development and Security.
Which of the statements given above is/are correct?
- (a) I and II
- (b) II and III
- (c) I and III
- (d) I only
Correct Answer: (A) I and II
[2023] Consider the following statements:
The ‘Stability and Growth Pact’ of the European Union is a treaty that
1. limits the levels of the budgetary deficit of the countries of the European Union
2. makes the countries of the European Union to share their infrastructure facilities
3. enables the countries of the European Union to share their technologies
How many of the above statements are correct?
- (a) Only one
- (b) Only two
- (c) All three
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Statement-I:
Recently, the United States of America (USA) and the European Union (EU) have launched the ‘Trade and Technology Council’.
Statement-II:
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Which one of the following is correct in respect of the above statements?
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- (c) Statement-I is correct but Statement-II is incorrect
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Correct Answer: (C) Statement-I is correct but Statement-II is incorrect
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Statement-I:
Israel has established diplomatic relations with some Arab States.
Statement-II:
The ‘Arab Peace Initiative’ mediated by Saudi Arabia was signed by Israel and Arab League.
Which one of the following is correct in respect of the above statements?
- (a) Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
- (b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
- (c) Statement-I is correct but Statement-II is incorrect
- (d) Statement-I is incorrect but Statement-II is correct
Correct Answer: (C) Statement-I is correct but Statement-II is incorrect
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1. The G-20 group was originally established as a platform for the Finance Ministers and Central Bank Governors to discuss the international economic and financial issues.
2. Digital public infrastructure is one of India’s G-20 priorities.
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: (C) Both 1 and 2
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1. Armenia
2. Azerbaijan
3. Croatia
4. Romania
5. Uzbekistan
Which of the above are members of the Organization of Turkic States ?
- (a) 1, 2 and 4
- (b) 1 and 3
- (c) 2 and 5
- (d) 3, 4 and 5
Correct Answer: (C) 2 and 5
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1. It is an initiative endorsed by the G20 together with the Paris Club.
2. It is an initiative to support Low Income Countries with unsustainable debt.
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: (C) Both 1 and 2
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- (a) Australia
- (b) Canada
- (c) The European Union
- (d) The United States of America
Correct Answer: (C) The European Union
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1. Australia
2. Canada
3. China
4. India
5. Japan
6. USA
Which of the above are among the ‘free-trade partners’ of ASEAN?
- (a) 1, 2, 4 and 5
- (b) 3, 4, 5 and 6
- (c) 1, 3, 4 and 5
- (d) 2, 3, 4 and 6
Correct Answer: (C) 1, 3, 4 and 5
[2017] The term ‘Digital Single Market Strategy’ seen in the news refers to
- (a) ASEAN
- (b) BRICS
- (c) EU
- (d) G20
Correct Answer: (C) EU
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1. New Development Bank has been set up by APEC.
2. The headquarters of New Development Bank is in Shanghai.
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: (B) 2 only
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- (b) ASEAN
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Correct Answer: (B) ASEAN
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- (a) Iran
- (b) Saudi Arabia
- (c) Oman
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Correct Answer: (A) Iran
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- (a) agency created by EU to deal with the impact of millions of refugees arriving from Middle East
- (b) agency of EU that provides financial assistance to eurozone countries
- (c) agency of EU to deal with all the bilateral and multilateral agreements on trade
- (d) agency of EU to deal with the conflicts arising among the member countries
Correct Answer: (B) agency of EU that provides financial assistance to eurozone countries
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1. It is an agreement among all the Pacific Rim countries except China and Russia.
2. It is a strategic alliance for the purpose of maritime security only.
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: (D) Neither 1 nor 2
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- (a) ASEAN
- (b) BRICS
- (c) OECD
- (d) WTO
Correct Answer: (B) BRICS
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1. The First Summit of BRICS was held in Rio de Janeiro in 2009.
2. South Africa was the last to join the BRICS grouping.
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: (B) 2 only
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- (a) It was the hot theatre during the Second World War.
- (b) Its location between the Asian powers of China and India.
- (c) It was the arena of superpower confrontation during the Cold War period.
- (d) Its location between the Pacific and Indian Oceans and its preeminent maritime character.
Correct Answer: (D) Its location between the Pacific and Indian Oceans and its preeminent maritime character.
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1. At present, China’s GDP is more than the combined GDP of all the three other countries.
2. China’s population is more than the combined population of any two other countries.
- (a) 1 only
- (b) 2 only
- (c) Both 1 and 2
- (d) Neither 1 nor 2
Correct Answer: (A) 1 only
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1. European Commission represents the EU in trade negotiations whereas European Council participated in the legislation of matters pertaining to economic policies of the European Union
2. European Commission comprises the heads of State of govt. of member countries whereas the European Council comprises of the persons nominated by European Parliament
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: (D) Neither 1 nor 2
[2009] Consider the following countries :
1. Switzerland
2. Malta
3. Bulgaria
Which of the above are members of European Union?
- (a) 1 and 2 only
- (b) 2 and 3 only
- (c) 1 and 3 only
- (d) 1,2 and 3
Correct Answer: (B) 2 and 3 only
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1. Brunei Darussalam
2. East Timor
3. Laos
Which of the above is/are member/members of ASEAN ?
- (a) 1 only
- (b) 2 and 3 only
- (c) 1 and 3 only
- (d) 1,2 and 3
Correct Answer: (C) 1 and 3 only
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- (a) Canada
- (b) Italy
- (c) Japan
- (d) Russia
Correct Answer: (D) Russia