India 39 s Membership for European Bank for Reconstruction amp Development EBRD will impact India in...........

Economic Affairs Others

India's Membership for European Bank for Reconstruction & Development (EBRD) will impact India in which of the following ways?

India can leverage the technical assistance and sectoral knowledge of the bank for the benefit of development of its private sector.
It would enable Indian nationals to get the employment opportunity in the Bank.
India’s financial obligations to EBRD would come down as members receive grants from EBRD for their membership.
India's investment opportunities would get a boost.

Select the correct answer using the codes below.

1, 2 and 4 only

1, 3 and 4 only

2 and 3 only

1, 2, 3 and 4

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Explanation:

Explanation: Union Cabinet has approved the membership. Necessary steps will be initiated by the Department of Economic Affairs, Ministry of Finance to acquire the membership of the EBRD.

Statement 1 and 4: Membership of EBRD would enhance India's international profile and promote its economic interests. Access to EBRD's Countries of Operation and sector knowledge. It would increase the scope of cooperation between India and EBRD through co-financing opportunities in manufacturing, services, Information Technology, and Energy. EBRD's core operations pertain to private sector development in their countries of operation. The membership would help India leverage the technical assistance and sectoral knowledge of the bank for the benefit of development of private sector.

Statement 2: Membership entails this provision.

Statement 3: The minimum initial investment towards the membership of EBRD will be approximately €1 (one) million. However, this assumption is based on India deciding to buy the minimum number of shares (100) required for obtaining the membership. If India were to buy a higher number of Bank shares, the financial implications could be higher. In- principle approval of the Cabinet at this stage is being obtained for joining the Bank.