andlsquo;Summit for Democracyandrsquo;, a virtual summit, recently in news, hosted by thea)Democracy Internationalb)International IDEAc)World Economic Forumd)None of the aboveCorrect answer is option 'D'. Can you explain this answer?

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‘Summit for Democracy’, a virtual summit, recently in news, hosted by the

a)
Democracy International
b)
International IDEA
c)
World Economic Forum
d)
None of the above

Correct answer is option 'D'. Can you explain this answer?

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‘Summit for Democracy’, a virtual summit, recently in news...

About the Summit for Democracy:

The Summit for Democracy, launched by the US in 2021, is a platform for democracies worldwide to share experiences, strengthen democratic institutions, protect human rights, and combat corruption. It aims to promote collaboration among democratic nations and advance initiatives for democratic renewal, including efforts to enhance technology for democracy and defend free and fair elections.

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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.In the year 2008 G-20 was elevated to a leader’s Summit. Which of the following best describes the reason for such a move?

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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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‘Summit for Democracy’, a virtual summit, recently in news, hosted by thea)Democracy Internationalb)International IDEAc)World Economic Forumd)None of the aboveCorrect answer is option 'D'. Can you explain this answer?

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