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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?
Most Upvoted 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 i...
Understanding the G20
The G20, or Group of Twenty, is a significant international forum that brings together major economies to discuss and address global economic issues. Let's analyze the statements provided:
Statement 1: It is an informal group of 19 countries and the European Union.
- This statement is correct. The G20 consists of 19 individual countries plus the European Union, making it a total of 20 members. The countries include major economies from various regions such as the USA, China, India, and Brazil.
Statement 2: It is headquartered in Belgium.
- This statement is incorrect. The G20 does not have a permanent headquarters. Instead, it operates on a rotating presidency basis, with meetings held in different member countries. The last few summits have been hosted in various locations worldwide, not specifically in Belgium.
Statement 3: The members represent about two-thirds of the world’s population.
- This statement is correct. The G20 countries collectively account for approximately two-thirds of the global population, reflecting a significant portion of the world's demographic and economic landscape.
Conclusion
Based on the above analysis:
- Statements 1 and 3 are correct, while statement 2 is incorrect. Therefore, the correct answer is option 'A': 1 and 3 only.
This understanding highlights the G20's role in global governance and its demographic significance.
The G20, or Group of Twenty, is a significant international forum that brings together major economies to discuss and address global economic issues. Let's analyze the statements provided:
Statement 1: It is an informal group of 19 countries and the European Union.
- This statement is correct. The G20 consists of 19 individual countries plus the European Union, making it a total of 20 members. The countries include major economies from various regions such as the USA, China, India, and Brazil.
Statement 2: It is headquartered in Belgium.
- This statement is incorrect. The G20 does not have a permanent headquarters. Instead, it operates on a rotating presidency basis, with meetings held in different member countries. The last few summits have been hosted in various locations worldwide, not specifically in Belgium.
Statement 3: The members represent about two-thirds of the world’s population.
- This statement is correct. The G20 countries collectively account for approximately two-thirds of the global population, reflecting a significant portion of the world's demographic and economic landscape.
Conclusion
Based on the above analysis:
- Statements 1 and 3 are correct, while statement 2 is incorrect. Therefore, the correct answer is option 'A': 1 and 3 only.
This understanding highlights the G20's role in global governance and its demographic significance.
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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? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about 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? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
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? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about 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? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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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