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Consider the following statements regarding ‘G7 Grouping’:
1. All of the G7 summits are held in the United Kingdom.
2. The headquarters of G7 grouping is located in Nagoya.
3. The decisions taken by the leaders in G7 summits are non-binding.
Which of the statements given above is/are correct?
  • a)
    1 and 2 only
  • b)
    2 only
  • c)
    3 only
  • d)
    1 and 3 only
Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding ‘G7 Grouping’:...
  • The Group of Seven (G7) countries is an intergovernmental organisation that was formed in 1975.
    • The bloc meets annually to discuss issues of common interest like global economic governance, international security and energy policy.
  • The G7 does not have a formal constitution or a fixed headquarters. The decisions taken by leaders during annual summits are non-binding. Hence, statement 2 is not correct but statement 3 is correct.
    • The leaders of important international organizations like European Union, IMF, World Bank and the United Nations are also invited.
  • Each member nation takes over the G7 presidency for a year on a rolling basis and hosts the annual centrepiece two-day summit meeting. Hence, statement 1 is not correct.
    • The 47th G7 Summit will be held in June 2021 and the UK is the host country.
    • The 2020 G7 summit (46th summit) was to be hosted by the USA but could not take place due to the pandemic.
    • The 45th summit of G7 was held in Biarritz, France, in August 2019.
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Consider the following statements regarding ‘G7 Grouping’:1. All of the G7 summits are held in the United Kingdom.2. The headquarters of G7 grouping is located in Nagoya.3. The decisions taken by the leaders in G7 summits are non-binding.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer?
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