Q. With reference to Organisation for Economic Cooperation and Development, consider the following statements:
1. The OECD is an intergovernmental economic organisation, founded to stimulate economic progress and world trade.
2. It is headquartered in Paris, France.
3. India is a member of OECD.
Which of the statements given above is/are correct?

[A] 2 only

[B] 2 and 3 only

[C] 1 and 2 only

[D] 1 and 2 only

Answer: C

Recently, the Organisation for Economic Cooperation and Development (OECD) has announced that a global deal to ensure big companies pay a Global Minimum Tax (GMT) rate of 15% has been agreed by 136 countries (including India). 

Statement 1 is correct: The OECD is an intergovernmental economic organisation, founded to stimulate economic progress and world trade. 

Statement 2 is correct: It is headquartered in Paris, France. 

Statement 3 is incorrect: India is not a member, but a key economic partner. 

Source: Taxing multinationals