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Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participated in the 114th Meeting of the Development Committee Plenary of the World Bank in Bangkok, Thailand. The meeting focused on 'Private Capital Mobilisation and Jobs' and emphasized the importance of private sector investment and job creation.
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Mains Practice Question
Critically examine the role of private capital mobilisation in job creation, as emphasized by the Union Finance Minister.
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In which city was the 114th Meeting of the Development Committee Plenary held?
The 114th Meeting of the Development Committee Plenary was held in Bangkok, Thailand, highlighting the city's importance as a global economic hub.
Consider the following statements regarding World Bank Development Committee Plenary: 1. The 114th Meeting of the Development Committee Plenary was held in New York, USA. 2. Smt. Nirmala Sitharaman participated as the Governor of the World Bank in the 114th Meeting of the Development Committee Plenary in Bangkok, Thailand. 3. The agenda for the meeting was 'Private Capital Mobilisation and Jobs'. How many of the above statements are correct?
The 114th Meeting of the Development Committee Plenary was held in Bangkok, Thailand, and Smt. Nirmala Sitharaman participated as the Governor of the World Bank in the meeting. The agenda for the meeting was indeed 'Private Capital Mobilisation and Jobs'.
Consider the following two statements: Statement-I: Mobilising private investment is essential for job creation. Statement-II: High-quality and inclusive economic growth is essential for job creation. Which one of the following is correct in respect of the above statements?
Statement-I is supported by the fact list, which states that mobilising private investment is essential for job creation. Statement-II is also supported by the fact list, which states that sustainable job creation requires high-quality and inclusive economic growth. Statement-II explains why Statement-I is true, as high-quality and inclusive economic growth can be achieved through mobilising private investment.