Consider the following statements with reference to the Bali Fintech Agenda sometimes seen in the ne...........

Economic Affairs World Bank and IMF

Consider the following statements with reference to the Bali Fintech Agenda - sometimes seen in the news.

1.It is a framework agreement created during the recent WTO ministerial conference aimed to promote seamless trade mechanism.

2.The agenda focuses on innovation in payments and settlement mechanism and powering e-commerce though digital technology

Which of the statements given above is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

छोटे Courses बड़े Results

Master World Bank and IMF

Prepare through Micro-courses

Try Now

Explanation:

2 only

Statement 1 is incorrect. The Bali Fintech Agenda is not a framework agreement created during a WTO (World Trade Organization) ministerial conference. It was actually introduced by the International Monetary Fund (IMF) and it's aimed at promoting policies to harness the benefits of financial technology while managing its risks.

Statement 2 is correct. The Bali Fintech Agenda indeed focuses on innovation in payments and settlement mechanisms, as well as on leveraging digital technology to empower e-commerce and financial inclusion.

Therefore, the correct option is 2 only.