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Consider the following statements with reference to G7(Group of seven) countries
  1. Canada, Japan, Italy, UK, USA, France, Germany are the 7 members of this group
  2. The aggregate GDP G7 countries make is more than 50% of world GDP
  3. There are no formal criteria for membership, but all the members are developed countries.
  4. Russia was also the part of group but got suspended following its annexation of Crimea
Which of the above statement/s is/are correct?
  • a)
    1,2 and 3
  • b)
    2,3 and 4
  • c)
    1,3 and 4
  • d)
    All of the above
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements with reference to G7(Group of seven)...
The Group of Seven is an intergovernmental organization founded in 1975
  • Statement 1 is correct: Canada, Japan, Italy, UK, USA, France, Germany are the 7 members of this group. The seven countries involved are also the largest IMF-Advanced countries in the world
  • Statement 2 is incorrect: The aggregate GDP G7 countries make around 30% of world GDP
  • Statement 3 is correct: There is no formal criteria for membership, but while creating the group all the members were industrial powerhouse and developed countries.
  • Statement 4 is correct: Russia was also the part of group but got suspended following its annexation of Crimea in 2014 G7 was recently in the news because The United Kingdom has invited the Prime Minister of India to attend the G7 summit to be held in June 2021. Along with India, Australia and South Korea are also invited. Simple trick: Statement 2 cannot be correct because only China and India together contribute around 27% of world GDP. So, from this you can guess that G7 will not make 50% of the world's GDP as all other countries in the world together will definitely make more than 23%
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Consider the following statements with reference to G7(Group of seven) countries Canada, Japan, Italy, UK, USA, France, Germany are the 7 members of this group The aggregate GDP G7 countries make is more than 50% of world GDP There are no formal criteria for membership, but all the members are developed countries. Russia was also the part of group but got suspended following its annexation of CrimeaWhich of the above statement/s is/are correct?a)1,2 and 3b)2,3 and 4c)1,3 and 4d)All of the aboveCorrect answer is option 'C'. Can you explain this answer?
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Consider the following statements with reference to G7(Group of seven) countries Canada, Japan, Italy, UK, USA, France, Germany are the 7 members of this group The aggregate GDP G7 countries make is more than 50% of world GDP There are no formal criteria for membership, but all the members are developed countries. Russia was also the part of group but got suspended following its annexation of CrimeaWhich of the above statement/s is/are correct?a)1,2 and 3b)2,3 and 4c)1,3 and 4d)All of the aboveCorrect answer is option 'C'. 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 Consider the following statements with reference to G7(Group of seven) countries Canada, Japan, Italy, UK, USA, France, Germany are the 7 members of this group The aggregate GDP G7 countries make is more than 50% of world GDP There are no formal criteria for membership, but all the members are developed countries. Russia was also the part of group but got suspended following its annexation of CrimeaWhich of the above statement/s is/are correct?a)1,2 and 3b)2,3 and 4c)1,3 and 4d)All of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with reference to G7(Group of seven) countries Canada, Japan, Italy, UK, USA, France, Germany are the 7 members of this group The aggregate GDP G7 countries make is more than 50% of world GDP There are no formal criteria for membership, but all the members are developed countries. Russia was also the part of group but got suspended following its annexation of CrimeaWhich of the above statement/s is/are correct?a)1,2 and 3b)2,3 and 4c)1,3 and 4d)All of the aboveCorrect answer is option 'C'. Can you explain this answer?.
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