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Consider the following statements regarding G20 grouping.
- G20 is the premier forum for international economic cooperation formed in the backdrop of the financial crisis of the late 1990s.
- Its aim was to secure global financial stability by involving middle-income countries.
- All the BRICS countries are the members of G20.
Which of the above statements is/are correct?
- a)1, 2
- b)1, 3
- c)2, 3
- d)1, 2, 3
Correct answer is option 'D'. Can you explain this answer?
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Consider the following statements regarding G20 grouping. G20 is the p...
The G20 was formed in 1999 in the backdrop of the financial crisis of the late 1990s that hit East Asia and Southeast Asia in particular. Its aim was to secure global financial stability by involving middle-income countries. Its prominent members are: Australia, Brazil, China, France, Germany, India, Japan, Republic of Korea, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US, and the EU. Spain is invited as a permanent guest.
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Consider the following statements regarding G20 grouping. G20 is the p...
1. G20 Formation and Purpose:
The first statement is correct. The G20 was established in response to the financial crisis of the late 1990s. It is a premier forum for international economic cooperation, aimed at addressing global economic challenges and promoting financial stability.
2. Involvement of Middle-Income Countries:
The second statement is also correct. One of the key objectives of the G20 is to involve middle-income countries in global economic discussions and decision-making processes. By including these countries, the G20 seeks to ensure a more representative and inclusive approach to addressing economic issues.
3. BRICS Countries in G20:
The third statement is correct as well. All the BRICS countries (Brazil, Russia, India, China, and South Africa) are members of the G20. As major emerging economies, the inclusion of BRICS countries in the G20 reflects the group's focus on engaging with a diverse range of economies to promote global economic stability and growth.
Therefore, all three statements are accurate, making option 'D' the correct answer.
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Consider the following statements regarding G20 grouping. G20 is the premier forum for international economic cooperation formed in the backdrop of the financial crisis of the late 1990s. Its aim was to secure global financial stability by involving middle-income countries. All the BRICS countries are the members of G20.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer?
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Consider the following statements regarding G20 grouping. G20 is the premier forum for international economic cooperation formed in the backdrop of the financial crisis of the late 1990s. Its aim was to secure global financial stability by involving middle-income countries. All the BRICS countries are the members of G20.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. 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 regarding G20 grouping. G20 is the premier forum for international economic cooperation formed in the backdrop of the financial crisis of the late 1990s. Its aim was to secure global financial stability by involving middle-income countries. All the BRICS countries are the members of G20.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. 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 regarding G20 grouping. G20 is the premier forum for international economic cooperation formed in the backdrop of the financial crisis of the late 1990s. Its aim was to secure global financial stability by involving middle-income countries. All the BRICS countries are the members of G20.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer?.
Consider the following statements regarding G20 grouping. G20 is the premier forum for international economic cooperation formed in the backdrop of the financial crisis of the late 1990s. Its aim was to secure global financial stability by involving middle-income countries. All the BRICS countries are the members of G20.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. 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 regarding G20 grouping. G20 is the premier forum for international economic cooperation formed in the backdrop of the financial crisis of the late 1990s. Its aim was to secure global financial stability by involving middle-income countries. All the BRICS countries are the members of G20.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. 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 regarding G20 grouping. G20 is the premier forum for international economic cooperation formed in the backdrop of the financial crisis of the late 1990s. Its aim was to secure global financial stability by involving middle-income countries. All the BRICS countries are the members of G20.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer?.
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