UPSC CSE Prelims
Question 30
With reference to the "G20 Common Framework", consider the following statements :
- It is an initiative endorsed by the G20 together with the Paris Club.
- It is an initiative to support Low Income Countries with unsustainable debt.
Which of the statements given above is/are correct ?
View correct answer and explanation
Correct answer: C
Correct Option: C (Both 1 and 2)
Explanation: The G20 Common Framework for Debt Treatments, backed by G20 and Paris Club creditors, addresses unsustainable debt burdens in qualifying poorer countries.
Statement / Pair / Item-wise Analysis:
1. True / qualifies - G20 countries and the Paris Club endorsed the Common Framework following the DSSI.
2. True / qualifies - It provides a coordinated debt-treatment process for eligible low-income/debt-distressed countries.
Option-wise Analysis:
A. Incorrect-omits 2 even though It provides a coordinated debt-treatment process for eligible low-income/debt-distressed countries.
B. Incorrect-omits 1 even though G20 countries and the Paris Club endorsed the Common Framework following the DSSI.
C. Correct-selects exactly the correct statements/items identified above.
D. Incorrect-omits 1 even though G20 countries and the Paris Club endorsed the Common Framework following the DSSI.; omits 2 even though It provides a coordinated debt-treatment process for eligible low-income/debt-distressed countries.