GK questions and answers on G-20 group of countries
G-20 was founded in 1999 with the aim to discuss policy pertaining to the promotion of international financial stability. India is the founding member of the G-20. To prepare yourself for the upcoming exams solve this set of 10 questions on the G20 and its summits.
1. When was G20 established?
Explanation: G20 was established in 1999 to bring together finance ministers and central bank Governors of the developed and developing countries.
2. Which of the following statement is not correct regarding the G 20?
(a) Now the G20 summits are attended by the Finance Ministers and Central Bank Governors of the member countries only.
(b) India never hosted any G20 summit
(c) Its main aim is to eliminate poverty from the world
(d) Its meetings are held annually.
Explanation: The main aim of this group is to promote financial stability and sustainable development in the world.
3. Which of the following city is organizing the recent G20 summit held in June 2019?
Explanation: The very first of G-20 summit was held in the Washington, D.C. (United States) in 14–15 November 2008. Currently 14th G-20 summit is going on in Osaka (Japan) on 28–29 June 2019. In this summit Indian delegation is headed by the PM Narendra Modi.
4. What is the theme of the G20 summit held in Germany in June 2019?
(a) Shaping an Interconnected World
(b) Fighting poverty with rigidity
(c) "Human-Centred Future Society"
(d) Making the world together
Explanation: The theme of the G-20 Osaka summit is "Human-Centred Future Society"
5. Which of the following is not the member of the G20?
Explanation: Singapore is not the member of the G20.
6. Which of the following statement is not correct regarding the G20?
(a) In the meetings of the G20, EU is represented by the European Commission and by the European Central Bank
(b) The G20 economies account for around 85% of the gross world product (GWP)
(c) The G20 economies account for around 80% of world trade
(d) The G20 economies account for around 40% population of the world
Explanation: The G20 economies account for around two-third population of the world.
7. Where was the first summit of G20 held?
Explanation: The first summit of G20 was held in Washington in 2008.
8. Till date how many summits of G20 has been held?
Explanation: 12th summit is being held in Hamburg (Germany) and the 14th G-20 summit is held in Osaka Japan in 2019.
9. Which of the following statement is correct about G20?
(a) The Presidency of G20 is supported by a "troika" made up of the current, immediate past and future host countries
(b) The G20 have a permanent secretariat
(c) In 2015 the G20 Presidency is held by China
(d) The G20 Presidency rotates at every two year
Explanation: The Presidency of G20 is supported by a "troika" made up of the current, immediate past and future host countries
10. When will India hod the G-20 Summit?
(d) None of the above
Explanation: It is surprising that India did not host any G-20 meeting so far. But in the 2022 India will host 17th summit of the G-20.