1.
When was G20 formed?
Correct Answer
D. September 26, 1999
Explanation
The correct answer is September 26, 1999. This is the date when the G20 was formed. The G20, also known as the Group of Twenty, is an international forum for the governments and central bank governors from 19 countries and the European Union. It was established to promote international economic cooperation and stability.
2.
Where is the headquarter of G20?
Correct Answer
D. It has no headquarters
Explanation
The G20 does not have a headquarters because it is not an organization with a permanent secretariat or physical location. The G20 is an informal forum for international cooperation that brings together the world's major economies to discuss global economic issues. The meetings of the G20 are hosted by member countries on a rotating basis, and there is no fixed location where the G20 operates from. Therefore, the correct answer is that the G20 has no headquarters.
3.
How many countries are a part of the G20?
Correct Answer
B. 19 + EU
Explanation
The G20 is an international forum consisting of 19 countries and the European Union. The 19 countries are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and the United States. Including the European Union, the total number of countries that are part of the G20 is 20.
4.
Which statement is true for G20?
Correct Answer
D. All of the above
Explanation
The statement "All of the above" is the correct answer because all three statements provided are true for the G20. The G20 is indeed an informal governance club that brings together the world's major economies to discuss and coordinate on issues of global importance. It also holds annual Summits of Heads of State where leaders come together to address various economic and political challenges. Therefore, all the statements mentioned are accurate and applicable to the G20.
5.
G20 is a part of the UN.
Correct Answer
B. False
Explanation
The G20 is not a part of the UN. The G20 is an international forum consisting of 19 countries and the European Union, which together represent around 80% of the world's economic output. It was established to promote international economic cooperation and address global economic issues. While the UN also focuses on global cooperation, the G20 operates independently and has its own objectives and decision-making processes. Therefore, the statement that G20 is a part of the UN is false.
6.
Which major issue is addressed in G20 meetings?
Correct Answer
D. All of the these
Explanation
The major issue addressed in G20 meetings is all of the above options: international financial stability, climate change mitigation, and sustainable development. The G20 meetings bring together leaders from the world's major economies to discuss and coordinate actions on these critical global challenges. By addressing these issues collectively, the G20 aims to promote cooperation and find solutions that benefit all nations and promote global stability and sustainability.
7.
Which of the following countries is not a part of G20?
Correct Answer
B. Pakistan
Explanation
Pakistan is not a part of G20 because G20 is a group of major economies, consisting of 19 countries and the European Union. These countries include the world's largest economies and key players in the global market. While France, India, and South Africa are members of G20, Pakistan is not included in this group.
8.
Every year, a new country takes on the presidency; it works hand in hand with the previous presidency and the next presidency. What is it called?
Correct Answer
C. TROIKA
Explanation
The correct answer is TROIKA. The term "troika" refers to a group of three people or entities working together, often in a rotating leadership role. In this context, it represents the three consecutive countries that hold the presidency, with each country working closely with the previous and next presidency to ensure continuity and collaboration.
9.
Which organization supports the work of G20 members?
Correct Answer
D. All of the above
Explanation
All of the above organizations support the work of G20 members. The Financial Stability Board (FSB) supports the G20 by promoting global financial stability and coordinating the regulation of international financial systems. The International Labor Organization (ILO) supports the G20 by promoting decent work and social justice worldwide. The World Trade Organization (WTO) supports the G20 by facilitating international trade negotiations and resolving trade disputes among member countries. Therefore, all three organizations contribute to the work of G20 members.
10.
One of the major achievements of the G20 was the quick deployment of emergency funding during the 2008 global financial crisis.
Correct Answer
A. True
Explanation
The G20's quick deployment of emergency funding during the 2008 global financial crisis is considered a major achievement because it helped stabilize the global economy and prevent a deeper recession. The G20, composed of the world's largest economies, recognized the urgency of the situation and took decisive action to provide financial support to countries facing liquidity problems. This swift response demonstrated the effectiveness of international cooperation and coordination in addressing economic crises.