GK Question- 66
Consider the following statements about United Nations Convention against Corruption:
1. United Nations Convention against Corruption (UNCAC) is the first legally binding international anti-corruption instrument.
2. India has ratified this convention
3. Only large economies outside this convention are Japan, Germany and United States
Which among the above statements is / are correct?
[A]1 & 2
[B]1, 2 & 3
Explanation: It is correct that United Nations Convention against Corruption (UNCAC) is the first legally binding international anti-corruption instrument. It was adopted by the United Nations General Assembly in Mérida, Yucatán, Mexico, on 31 October 2003 and India is one of the signatories to this convention. India has now ratified this convention. India signed the convention in 2005, along with 139 countries. The purpose of the convention is to strengthen measures to prevent and combat corruption through international cooperation, among other measures. The convention also includes model preventive policies, such as establishing anti-corruption bodies and enhanced transparency in the financing of election campaigns and political parties. It also provides for assistance and cooperation for asset recovery, particularly in case of embezzlement of public funds. The third statement is NOT correct. The big economies outside this convention are Japan, Germany, but not United States. Other major countries outside UNCAC are Burma, Saudi Arabia, Sudan etc.