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Consider the following regarding the International Centre for Settlement of Investment Disputes (ICSID):  I. It was founded in the year 1966 in order to settle legal disputes and arbitrations between international investors.  II. There are 161 members of the ICSID but only 153 are contracting countries.  III. ICSID is a member organization of the International Monetary Fund (IMF).  Which among the above is/are correct?

Consider the following regarding the International Centre for Settlement of Investment Disputes (ICSID):  I. It was founded in the year 1966 in order to settle legal disputes and arbitrations between international investors.  II. There are 161 members of the ICSID but only 153 are contracting countries.  III. ICSID is a member organization of the International Monetary Fund (IMF).  Which among the above is/are correct? Correct Answer Both I and II 

  • The ICSID is an international organization founded in 1966 in order to resolve the disputes between the international investors. 
  • This organization takes care of the legal disputes and also the arbitration proceedings going on on an international level. 
  • There are 161 members of this organization but only 153 have agreed to enforce the ICSID Obligation. 
  • It is a part of the World Bank Group of Organizations. 

Related Questions

Consider the following statements regarding the International Monetary Fund(IMF), Quotas 1. IMF is the quota-based institution. 2. Quotas determine the maximum amount of financial resources a member is obliged to provide to the IMF. 3. Quotas are a key determinant of the voting power in IMF decisions. 4. The maximum amount of financing a member can obtain from the IMF under normal access is based on its quota. Which of the above statements are correct.
Which of the following statements is/are correct? 1. Subir Gokarn will replace Rakesh Mohan on the Executive Board of the International Monetary Fund (IMF) 2. Subir Gokarn will represent India, Bangladesh, Sri Lanka and Bhutan Fund's (IMF's) Executive Board 3. Subir Gokarn's name was cleared by Appointment Committee of Cabinet 4. Subit Gokarn has been a Deputy Governor at Reserve Bank of India (RBI) 5. The Executive Board of the International Monetary Fund (IMF) is responsible for conducting the day-to-day business of the IMF
Which of the following statements is/are correct regarding The International Monetary Fund (IMF). 1. The IMF's primary purpose is to ensure the stability of the international monetary system - the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. 2. Ease of doing business is published by IMF. 3. IMF is not of part Bretton Woods Institutions.
The International Monetary Fund (IMF) on Monday appointed  Gita Gopinath as its first female Chief Economist. Now, the IMF joins the OECD and World Bank in having a woman in the top economic role in the institution. Which of the following substantiates the given statement? I: The IMF joins the OECD and World Bank in having a woman in the top economic role in the institution. II: The OECD and World Bank only have a woman in the top economic role in the institution. III: The International Monetary Fund (IMF) appointed its first female Chief Economist.
Which of the following are the main functions of WTO? 1. To organize meetings of member countries to arrive at trade agreements covering international trade 2. To ensure that member countries conduct trade practices as per agreement agreed upon and signed by the member countries 3. To provide a platform to negotiate and settle disputes related to international trade between and among member countries
Which of the following statement is true about International Monetary Fund (IMF)?  (A) The IMF is not created by the Bretton Woods Agreement (B) Its functions is to ensure exchange rate stability (C) Critics see IMF as political arm of neoliberal globalization (D) The IMF is not a specialized agency of the UN Choose the correct answer from the options given below:
Which combination of the following is correct with regard to World Trade Organization (WTO) :
1. WTO initiates peace process among the member countries to enhance international trade.
2. WTO avoids the task of "Settlement of Disputes" among the member countries.
3. WTO administers the "Trade Review Mechanism".
4. WTO cooperates in an appropriate manner with the IMF and the World Bank.
Which combination of the following is correct with regard to World Trade Organisation (WTO)?
1. WTO initiates peace process among the member countries to enhance international trade.
2. WTO avoids the task of 'Settlement of Disputes' among the member countries.
3. WTO administers the 'Trade Review Mechanism'.
4. WTO cooperates in an appropriate manner with the IMF and the World Bank.
Consider the following statements regarding BIMSTEC. 1. It is a regional organization comprising member states only sharing boundaries with the Bay of Bengal. 2. Indonesia and Malaysia are the only two member countries from Southeast Asia. 3. It seeks to promote trade and investment within BIMSTEC member countries. Which of the following statements given above is/are correct?
Read the following passage and answer the item that follows. Your answers to this item should be based on the passage only. The IMF has pointed out that the fast growing economies of Asia face the risk of falling into 'middle-income trap'. It means that average income in these countries, which till now have been growing rapidly, will stop growing beyond a point - a point that is well short of incomes in the developed West. The IMF identifies a number of causes of middle-income trap-none of which is surprising-from infrastructure to weak institutions, to less than favorable macroeconomic conditions. But the broad, overall cause, says IMF, is a collapse in the growth of productivity. Which among the following is the most logical, rational and critical inference that can be made from the above passage?