The Union Government has approved India 39 s Membership for European Bank for Reconstruction amp Dev...........

Economic Affairs Types of Banks and Banking

The Union Government has approved India's Membership for European Bank for Reconstruction & Development (EBRD). This would help:

1. Enhance India's international profile and promote its economic interests.

2. India can leverage the technical assistance and sectoral knowledge of the bank for the benefit and development of private sector.

3. Enable Indian nationals to get the employment opportunity in the Bank.

How many of the statements given above are correct?

Only One

Only Two

All Three

None

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Explanation:

"Enhance India's international profile and promote its economic interests."

This is correct. Membership in international financial institutions like the EBRD can enhance a country's international standing and offer opportunities to promote its economic interests globally.

"India can leverage the technical assistance and sectoral knowledge of the bank for the benefit and development of private sector."

This is also correct. Membership in the EBRD provides access to the bank's technical assistance and sectoral expertise, which can be valuable for the development of India's private sector.

"Enable Indian nationals to get employment opportunity in the Bank."

This is correct as well. Membership in international organizations often includes opportunities for nationals of member countries to seek employment within the organization.

Based on this analysis, all three statements are correct.