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​The group of Twenty (G20) was established in 1999 to bring together Finance Ministers and Central Bank Governors of systemically important industrialised and developing economies to discuss key issues relating to the global economy and finance stability. By contributing to the strengthening of the international financial architecture and providing opportunities for dialogue on national policies, international cooperation, and international financial institutions, the G-20 helps to support growth, financial stability and development across the globe.
Since its inception, the G20 has held annual Finance Ministers and Central Bank Governor’s meetings and discussed measures to promote financial stability in the world and achieve sustainable economic growth and development.
In the wake of the global financial and economic crisis in 2008, the G20 was elevated to a Leader Summit. It was designated as a premier forum for international economic cooperation in 2009, effectively replacing the G8 as a forum for steering the global issues. The move was considered as a milestone in reforming global governance, making it more inclusive since this forum comprises both emerging as well as industrialised economies.
Several landmark reforms of international financial institutions were initiated at the behest of the G20 which heightened the expectation for bringing about fundamental changes in the functioning of the global institutions and in the global governance structure. India as a member of the G20 has been actively engaged in global economic governance and in shaping the world order. The most concerted response to the global economic crisis came from the platform of the G20 countries. G20 Leaders Summits have set the agenda rolling for both short and medium-term actions to meet the crisis. 
Q. Which of the following fact mentioned in the passage best highlights the great significance being attached to the G-20 by the world leaders in current politicoeconomic situation of the world?
  • a)
    It is to effectively replace to G-8
  • b)
     India as a member of G-20 has been actively engaged in global economic governance.
  • c)
     Reforms of international financial institutions have been initiated at the behest of G-20.
  • d)
     The most concerted response to global economic crisis came from the platform of the G-20 countries.
Correct answer is option 'D'. Can you explain this answer?
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Read the information given below carefully and answer.The group of Twe...
In fourth paragraph of the passage author mentioned “Several landmark reforms of international financial institutions were initiated at the behest of the G20 which heightened the expectation for bringing about fundamental changes in the functioning of the global institutions and in the global governance structure” it implies that the best highlights the great significance being attached to the G-20 by the world leaders in current politicoeconomic situation of the world is the most concerted response to global economic crisis came from the platform of the G-20 countries. 
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Read the information given below carefully and answer.The group of Twenty (G20) was established in 1999 to bring together Finance Ministers and Central Bank Governors of systemically important industrialised and developing economies to discuss key issues relating to the global economy and finance stability. By contributing to the strengthening of the international financial architecture and providing opportunities for dialogue on national policies, international cooperation, and international financial institutions, the G-20 helps to support growth, financial stability and development across the globe.Since its inception, the G20 has held annual Finance Ministers and Central Bank Governor’s meetings and discussed measures to promote financial stability inthe world and achieve sustainable economic growth and development.In the wake of the global financial and economic crisis in 2008, the G20 was elevated to a Leader Summit. It was designated as a premier forum for international economic cooperation in 2009, effectively replacing the G8 as a forum for steering the global issues. The move was considered as a milestone in reforming global governance, making it more inclusive since this forum comprises both emerging as well as industrialised economies.Several landmark reforms of international financial institutions were initiated at the behest of the G20 which heightened the expectation for bringing about fundamental changes in the functioning of the global institutions and in the global governance structure. India as a member of the G20 has been actively engaged in global economic governance and in shaping the world order. The most concerted response to the global economic crisis came from the platform of the G20 countries. G20 Leaders Summits have set the agenda rolling for both short and medium-term actions to meet thecrisis.Q.In the year 2008 G-20 was elevated to a leader’s Summit. Which of the following best describes the reason for such a move?

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Read the information given below carefully and answer.The group of Twenty (G20) was established in 1999 to bring together Finance Ministers and Central Bank Governors of systemically important industrialised and developing economies to discuss key issues relating to the global economy and finance stability. By contributing to the strengthening of the international financial architecture and providing opportunities for dialogue on national policies, international cooperation, and international financial institutions, the G-20 helps to support growth, financial stability and development across the globe.Since its inception, the G20 has held annual Finance Ministers and Central Bank Governor’s meetings and discussed measures to promote financial stability inthe world and achieve sustainable economic growth and development.In the wake of the global financial and economic crisis in 2008, the G20 was elevated to a Leader Summit. It was designated as a premier forum for international economic cooperation in 2009, effectively replacing the G8 as a forum for steering the global issues. The move was considered as a milestone in reforming global governance, making it more inclusive since this forum comprises both emerging as well as industrialised economies.Several landmark reforms of international financial institutions were initiated at the behest of the G20 which heightened the expectation for bringing about fundamental changes in the functioning of the global institutions and in the global governance structure. India as a member of the G20 has been actively engaged in global economic governance and in shaping the world order. The most concerted response to the global economic crisis came from the platform of the G20 countries. G20 Leaders Summits have set the agenda rolling for both short and medium-term actions to meet thecrisis.Q.Which of the following fact mentioned in the passage best highlights the great significance being attached to the G-20 by the world leaders in current politicoeconomic situation of the world?a)It is to effectively replace to G-8b)India as a member of G-20 has been actively engaged in global economic governance.c)Reforms of international financial institutions have been initiated at the behest of G-20.d)The most concerted response to global economic crisis came from the platform of the G-20 countries.Correct answer is option 'D'. Can you explain this answer?
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Read the information given below carefully and answer.The group of Twenty (G20) was established in 1999 to bring together Finance Ministers and Central Bank Governors of systemically important industrialised and developing economies to discuss key issues relating to the global economy and finance stability. By contributing to the strengthening of the international financial architecture and providing opportunities for dialogue on national policies, international cooperation, and international financial institutions, the G-20 helps to support growth, financial stability and development across the globe.Since its inception, the G20 has held annual Finance Ministers and Central Bank Governor’s meetings and discussed measures to promote financial stability inthe world and achieve sustainable economic growth and development.In the wake of the global financial and economic crisis in 2008, the G20 was elevated to a Leader Summit. It was designated as a premier forum for international economic cooperation in 2009, effectively replacing the G8 as a forum for steering the global issues. The move was considered as a milestone in reforming global governance, making it more inclusive since this forum comprises both emerging as well as industrialised economies.Several landmark reforms of international financial institutions were initiated at the behest of the G20 which heightened the expectation for bringing about fundamental changes in the functioning of the global institutions and in the global governance structure. India as a member of the G20 has been actively engaged in global economic governance and in shaping the world order. The most concerted response to the global economic crisis came from the platform of the G20 countries. G20 Leaders Summits have set the agenda rolling for both short and medium-term actions to meet thecrisis.Q.Which of the following fact mentioned in the passage best highlights the great significance being attached to the G-20 by the world leaders in current politicoeconomic situation of the world?a)It is to effectively replace to G-8b)India as a member of G-20 has been actively engaged in global economic governance.c)Reforms of international financial institutions have been initiated at the behest of G-20.d)The most concerted response to global economic crisis came from the platform of the G-20 countries.Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Read the information given below carefully and answer.The group of Twenty (G20) was established in 1999 to bring together Finance Ministers and Central Bank Governors of systemically important industrialised and developing economies to discuss key issues relating to the global economy and finance stability. By contributing to the strengthening of the international financial architecture and providing opportunities for dialogue on national policies, international cooperation, and international financial institutions, the G-20 helps to support growth, financial stability and development across the globe.Since its inception, the G20 has held annual Finance Ministers and Central Bank Governor’s meetings and discussed measures to promote financial stability inthe world and achieve sustainable economic growth and development.In the wake of the global financial and economic crisis in 2008, the G20 was elevated to a Leader Summit. It was designated as a premier forum for international economic cooperation in 2009, effectively replacing the G8 as a forum for steering the global issues. The move was considered as a milestone in reforming global governance, making it more inclusive since this forum comprises both emerging as well as industrialised economies.Several landmark reforms of international financial institutions were initiated at the behest of the G20 which heightened the expectation for bringing about fundamental changes in the functioning of the global institutions and in the global governance structure. India as a member of the G20 has been actively engaged in global economic governance and in shaping the world order. The most concerted response to the global economic crisis came from the platform of the G20 countries. G20 Leaders Summits have set the agenda rolling for both short and medium-term actions to meet thecrisis.Q.Which of the following fact mentioned in the passage best highlights the great significance being attached to the G-20 by the world leaders in current politicoeconomic situation of the world?a)It is to effectively replace to G-8b)India as a member of G-20 has been actively engaged in global economic governance.c)Reforms of international financial institutions have been initiated at the behest of G-20.d)The most concerted response to global economic crisis came from the platform of the G-20 countries.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the information given below carefully and answer.The group of Twenty (G20) was established in 1999 to bring together Finance Ministers and Central Bank Governors of systemically important industrialised and developing economies to discuss key issues relating to the global economy and finance stability. By contributing to the strengthening of the international financial architecture and providing opportunities for dialogue on national policies, international cooperation, and international financial institutions, the G-20 helps to support growth, financial stability and development across the globe.Since its inception, the G20 has held annual Finance Ministers and Central Bank Governor’s meetings and discussed measures to promote financial stability inthe world and achieve sustainable economic growth and development.In the wake of the global financial and economic crisis in 2008, the G20 was elevated to a Leader Summit. It was designated as a premier forum for international economic cooperation in 2009, effectively replacing the G8 as a forum for steering the global issues. The move was considered as a milestone in reforming global governance, making it more inclusive since this forum comprises both emerging as well as industrialised economies.Several landmark reforms of international financial institutions were initiated at the behest of the G20 which heightened the expectation for bringing about fundamental changes in the functioning of the global institutions and in the global governance structure. India as a member of the G20 has been actively engaged in global economic governance and in shaping the world order. The most concerted response to the global economic crisis came from the platform of the G20 countries. G20 Leaders Summits have set the agenda rolling for both short and medium-term actions to meet thecrisis.Q.Which of the following fact mentioned in the passage best highlights the great significance being attached to the G-20 by the world leaders in current politicoeconomic situation of the world?a)It is to effectively replace to G-8b)India as a member of G-20 has been actively engaged in global economic governance.c)Reforms of international financial institutions have been initiated at the behest of G-20.d)The most concerted response to global economic crisis came from the platform of the G-20 countries.Correct answer is option 'D'. Can you explain this answer?.
Solutions for Read the information given below carefully and answer.The group of Twenty (G20) was established in 1999 to bring together Finance Ministers and Central Bank Governors of systemically important industrialised and developing economies to discuss key issues relating to the global economy and finance stability. By contributing to the strengthening of the international financial architecture and providing opportunities for dialogue on national policies, international cooperation, and international financial institutions, the G-20 helps to support growth, financial stability and development across the globe.Since its inception, the G20 has held annual Finance Ministers and Central Bank Governor’s meetings and discussed measures to promote financial stability inthe world and achieve sustainable economic growth and development.In the wake of the global financial and economic crisis in 2008, the G20 was elevated to a Leader Summit. It was designated as a premier forum for international economic cooperation in 2009, effectively replacing the G8 as a forum for steering the global issues. The move was considered as a milestone in reforming global governance, making it more inclusive since this forum comprises both emerging as well as industrialised economies.Several landmark reforms of international financial institutions were initiated at the behest of the G20 which heightened the expectation for bringing about fundamental changes in the functioning of the global institutions and in the global governance structure. India as a member of the G20 has been actively engaged in global economic governance and in shaping the world order. The most concerted response to the global economic crisis came from the platform of the G20 countries. G20 Leaders Summits have set the agenda rolling for both short and medium-term actions to meet thecrisis.Q.Which of the following fact mentioned in the passage best highlights the great significance being attached to the G-20 by the world leaders in current politicoeconomic situation of the world?a)It is to effectively replace to G-8b)India as a member of G-20 has been actively engaged in global economic governance.c)Reforms of international financial institutions have been initiated at the behest of G-20.d)The most concerted response to global economic crisis came from the platform of the G-20 countries.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Read the information given below carefully and answer.The group of Twenty (G20) was established in 1999 to bring together Finance Ministers and Central Bank Governors of systemically important industrialised and developing economies to discuss key issues relating to the global economy and finance stability. By contributing to the strengthening of the international financial architecture and providing opportunities for dialogue on national policies, international cooperation, and international financial institutions, the G-20 helps to support growth, financial stability and development across the globe.Since its inception, the G20 has held annual Finance Ministers and Central Bank Governor’s meetings and discussed measures to promote financial stability inthe world and achieve sustainable economic growth and development.In the wake of the global financial and economic crisis in 2008, the G20 was elevated to a Leader Summit. It was designated as a premier forum for international economic cooperation in 2009, effectively replacing the G8 as a forum for steering the global issues. The move was considered as a milestone in reforming global governance, making it more inclusive since this forum comprises both emerging as well as industrialised economies.Several landmark reforms of international financial institutions were initiated at the behest of the G20 which heightened the expectation for bringing about fundamental changes in the functioning of the global institutions and in the global governance structure. India as a member of the G20 has been actively engaged in global economic governance and in shaping the world order. The most concerted response to the global economic crisis came from the platform of the G20 countries. G20 Leaders Summits have set the agenda rolling for both short and medium-term actions to meet thecrisis.Q.Which of the following fact mentioned in the passage best highlights the great significance being attached to the G-20 by the world leaders in current politicoeconomic situation of the world?a)It is to effectively replace to G-8b)India as a member of G-20 has been actively engaged in global economic governance.c)Reforms of international financial institutions have been initiated at the behest of G-20.d)The most concerted response to global economic crisis came from the platform of the G-20 countries.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. 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It was designated as a premier forum for international economic cooperation in 2009, effectively replacing the G8 as a forum for steering the global issues. The move was considered as a milestone in reforming global governance, making it more inclusive since this forum comprises both emerging as well as industrialised economies.Several landmark reforms of international financial institutions were initiated at the behest of the G20 which heightened the expectation for bringing about fundamental changes in the functioning of the global institutions and in the global governance structure. India as a member of the G20 has been actively engaged in global economic governance and in shaping the world order. The most concerted response to the global economic crisis came from the platform of the G20 countries. G20 Leaders Summits have set the agenda rolling for both short and medium-term actions to meet thecrisis.Q.Which of the following fact mentioned in the passage best highlights the great significance being attached to the G-20 by the world leaders in current politicoeconomic situation of the world?a)It is to effectively replace to G-8b)India as a member of G-20 has been actively engaged in global economic governance.c)Reforms of international financial institutions have been initiated at the behest of G-20.d)The most concerted response to global economic crisis came from the platform of the G-20 countries.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Read the information given below carefully and answer.The group of Twenty (G20) was established in 1999 to bring together Finance Ministers and Central Bank Governors of systemically important industrialised and developing economies to discuss key issues relating to the global economy and finance stability. By contributing to the strengthening of the international financial architecture and providing opportunities for dialogue on national policies, international cooperation, and international financial institutions, the G-20 helps to support growth, financial stability and development across the globe.Since its inception, the G20 has held annual Finance Ministers and Central Bank Governor’s meetings and discussed measures to promote financial stability inthe world and achieve sustainable economic growth and development.In the wake of the global financial and economic crisis in 2008, the G20 was elevated to a Leader Summit. It was designated as a premier forum for international economic cooperation in 2009, effectively replacing the G8 as a forum for steering the global issues. The move was considered as a milestone in reforming global governance, making it more inclusive since this forum comprises both emerging as well as industrialised economies.Several landmark reforms of international financial institutions were initiated at the behest of the G20 which heightened the expectation for bringing about fundamental changes in the functioning of the global institutions and in the global governance structure. India as a member of the G20 has been actively engaged in global economic governance and in shaping the world order. The most concerted response to the global economic crisis came from the platform of the G20 countries. G20 Leaders Summits have set the agenda rolling for both short and medium-term actions to meet thecrisis.Q.Which of the following fact mentioned in the passage best highlights the great significance being attached to the G-20 by the world leaders in current politicoeconomic situation of the world?a)It is to effectively replace to G-8b)India as a member of G-20 has been actively engaged in global economic governance.c)Reforms of international financial institutions have been initiated at the behest of G-20.d)The most concerted response to global economic crisis came from the platform of the G-20 countries.Correct answer is option 'D'. 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By contributing to the strengthening of the international financial architecture and providing opportunities for dialogue on national policies, international cooperation, and international financial institutions, the G-20 helps to support growth, financial stability and development across the globe.Since its inception, the G20 has held annual Finance Ministers and Central Bank Governor’s meetings and discussed measures to promote financial stability inthe world and achieve sustainable economic growth and development.In the wake of the global financial and economic crisis in 2008, the G20 was elevated to a Leader Summit. It was designated as a premier forum for international economic cooperation in 2009, effectively replacing the G8 as a forum for steering the global issues. The move was considered as a milestone in reforming global governance, making it more inclusive since this forum comprises both emerging as well as industrialised economies.Several landmark reforms of international financial institutions were initiated at the behest of the G20 which heightened the expectation for bringing about fundamental changes in the functioning of the global institutions and in the global governance structure. India as a member of the G20 has been actively engaged in global economic governance and in shaping the world order. The most concerted response to the global economic crisis came from the platform of the G20 countries. G20 Leaders Summits have set the agenda rolling for both short and medium-term actions to meet thecrisis.Q.Which of the following fact mentioned in the passage best highlights the great significance being attached to the G-20 by the world leaders in current politicoeconomic situation of the world?a)It is to effectively replace to G-8b)India as a member of G-20 has been actively engaged in global economic governance.c)Reforms of international financial institutions have been initiated at the behest of G-20.d)The most concerted response to global economic crisis came from the platform of the G-20 countries.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the information given below carefully and answer.The group of Twenty (G20) was established in 1999 to bring together Finance Ministers and Central Bank Governors of systemically important industrialised and developing economies to discuss key issues relating to the global economy and finance stability. By contributing to the strengthening of the international financial architecture and providing opportunities for dialogue on national policies, international cooperation, and international financial institutions, the G-20 helps to support growth, financial stability and development across the globe.Since its inception, the G20 has held annual Finance Ministers and Central Bank Governor’s meetings and discussed measures to promote financial stability inthe world and achieve sustainable economic growth and development.In the wake of the global financial and economic crisis in 2008, the G20 was elevated to a Leader Summit. It was designated as a premier forum for international economic cooperation in 2009, effectively replacing the G8 as a forum for steering the global issues. The move was considered as a milestone in reforming global governance, making it more inclusive since this forum comprises both emerging as well as industrialised economies.Several landmark reforms of international financial institutions were initiated at the behest of the G20 which heightened the expectation for bringing about fundamental changes in the functioning of the global institutions and in the global governance structure. India as a member of the G20 has been actively engaged in global economic governance and in shaping the world order. The most concerted response to the global economic crisis came from the platform of the G20 countries. G20 Leaders Summits have set the agenda rolling for both short and medium-term actions to meet thecrisis.Q.Which of the following fact mentioned in the passage best highlights the great significance being attached to the G-20 by the world leaders in current politicoeconomic situation of the world?a)It is to effectively replace to G-8b)India as a member of G-20 has been actively engaged in global economic governance.c)Reforms of international financial institutions have been initiated at the behest of G-20.d)The most concerted response to global economic crisis came from the platform of the G-20 countries.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.
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