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With reference to the G-20 ‘Troika’, consider the following statements:
1. It is a sub-group within the G-20 comprising the three largest economies among the G-20 countries.
2. India is currently part of the G-20 Troika countries.
Which of the statements given above is/are not correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
With reference to the G-20 ‘Troika’, consider the followin...
  •  The Group of Twenty, or G20, is the premier forum for international cooperation on the most important aspects of the international economic and financial agenda. It brings together the world’s major advanced and emerging economies.
  • The G20 comprises Argentina, Australia, Brazil, Canada, China, EU, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, UK, and USA. The G20 Countries together represent around 90% of global GDP, 80% of global trade, and two-thirds of the world’s population.
  • The G-20 operates without a permanent secretariat or staff. At the G20, the member holding the rotatory presidency every year, works together with its predecessor and successor, together known as Troika, to ensure the continuity of the agenda. Hence, statement 1 is not correct.
  • Currently, Indonesia, India, and Brazil are the Troika countries. India assumed the G20 presidency on 1st December 2022 from Indonesia and will convene the G20 Leaders’ Summit for the first time in India in 2023. This is for the first time that the troika is consisting of three developing and emerging economies. Hence, statement 2 is correct.
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With reference to the G-20 ‘Troika’, consider the following statements:1. It is a sub-group within the G-20 comprising the three largest economies among the G-20 countries.2. India is currently part of the G-20 Troika countries.Which of the statements given above is/are not correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
Question Description
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