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World Inequality Report 2022 has been recently in the news. It is published by which of the following institutions?
  • a)
    World Inequality Lab
  • b)
    World Justice Report
  • c)
    Oxfam International
  • d)
    United Nations Development Program
Correct answer is option 'A'. 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?

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World Inequality Report 2022 has been recently in the news. It is published by which of the following institutions?a)World Inequality Labb)World Justice Reportc)Oxfam Internationald)United Nations Development ProgramCorrect answer is option 'A'. Can you explain this answer?
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