Multiple choice

Paris Club is

  1. Group of creditor countries vis a vis Russia

  2. An associated of developed countries like G-7

  3. An elite gambling & entertainment club located at Monte Carlo

  4. A name given to the founding members of European union
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A Correct answer
Explanation

The Paris Club is an informal group of creditor nations that works to find coordinated solutions to payment difficulties faced by debtor countries. It was originally formed in 1956 to address Argentina's debt to its creditors and continues to function as a key forum for international debt restructuring.

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