UPSC Economics Globalisation Question Bank World Economy

  • question_answer
          Which of the following statements is/are correct about G20?
    1. Saudi Arabia is a member of G20.
    2. It is a forum for the governments and central bank governors

    A) Only 1                          

    B) Only 2

    C) Both 1 and 2                 

    D) None of the above.

    Correct Answer: C

    Solution :

    Both 1 and 2 .The Group of Twenty is an international forum for the governments and central bank governors from 20 major economies. The members include 19 individual countries- Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States - along with the European Union (EU). The EU is represented by the European Commission and by the European Central Bank. In December 2014, Turkey took over the presidency of the G-20 from Australia, and will host the group's 2015 summit in Antalya.


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