2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Now the G20 summits are attended by the Finance Ministers and Central Bank Governors of the member countries only.
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India never hosted any G20 summit
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Its main aim is to eliminate poverty from the world
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Its meetings are held annually.
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Detailed explanation-1: -The G20 economies account for around 40% population of the world is not correct regarding G20. The correct answer is option d.
Detailed explanation-2: -The Group of Twenty (G20) is the premier forum for international economic cooperation. It plays an important role in shaping and strengthening global architecture and governance on all major international economic issues. India holds the Presidency of the G20 from 1 December 2022 to 30 November 2023.
Detailed explanation-3: -Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States, European Union are the respective members of G20. Chile is not the member of G20.
Detailed explanation-4: -The G20 members represent around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population.