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With reference to G20, consider the following statements:
1. It is an informal group of 19 countries and the European Union.
2. It is headquartered in Belgium.
3. The members represent about two-thirds of the world’s population.
Which of the statements given above is/are correct?
  • a)
    1 and 3 only
  • b)
    2 and 3 only
  • c)
    1 only
  • d)
    1, 2 and 3
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
With reference to G20, consider the following statements:1. It is an i...
  • The G20 is an informal group of 19 countries and the European Union, with representatives of the International Monetary Fund and the World Bank. Hence, statement 1 is correct.
  • The G20 operates as a forum and not as an organisation. Therefore, it does not have any permanent secretariat or management and administrative structure. Hence, statement 2 is not correct.
    • The membership comprises a mix of the world’s largest advanced and emerging economies, representing about two-thirds of the world’s population, 85% of global gross domestic product, 80% of global investment and over 75% of global trade. Hence, statement 3 is correct.
  • Members:
    • Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the EU.
  • The 2021 G20 Rome summit is the upcoming sixteenth meeting of Group of Twenty, scheduled to take place in Rome, the capital city of Italy, on 30–31 October 2021.
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With reference to G20, consider the following statements:1. It is an informal group of 19 countries and the European Union.2. It is headquartered in Belgium.3. The members represent about two-thirds of the world’s population.Which of the statements given above is/are correct?a)1 and 3 onlyb)2 and 3 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?
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