CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
G7 leaders unveiled a USD how many billion plan to rival China’s Belt and Road Initiative in developing nations?
A
800
B
400
C
200
D
600
Explanation: 

Detailed explanation-1: -Through the partnership, the G7 nations of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States aim to mobilize $600 billion in public and private funding for infrastructure by 2027.

Detailed explanation-2: -We are concerned by recent and announced threatening actions by the People’s Republic of China (PRC), particularly live-fire exercises and economic coercion, which risk unnecessary escalation. There is no justification to use a visit as pretext for aggressive military activity in the Taiwan Strait.

Detailed explanation-3: -The G7 is an informal grouping of seven of the world’s advanced economies, including Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, as well as the European Union.

Detailed explanation-4: -Originating from an ad hoc gathering of finance ministers in 1973, the G7 has since become a formal, high-profile venue for discussing and coordinating solutions to major global issues, especially in the areas of trade, security, economics, and climate change.

There is 1 question to complete.