The G20

Description: The G20 is an international forum for the governments and central bank governors from 19 countries and the European Union. It was founded in 1999 with the aim of promoting international financial stability and cooperation. The G20 has become the premier forum for international economic cooperation, and its members account for more than 80% of global GDP.
Number of Questions: 15
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Tags: economics international relations finance
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What is the full name of the G20?

  1. Group of Twenty

  2. Group of Eight

  3. Group of Ten

  4. Group of Fifteen


Correct Option: A
Explanation:

The G20 is an international forum for the governments and central bank governors from 19 countries and the European Union.

When was the G20 founded?

  1. 1999

  2. 2000

  3. 2001

  4. 2002


Correct Option: A
Explanation:

The G20 was founded in 1999 with the aim of promoting international financial stability and cooperation.

How many countries are members of the G20?

  1. 19

  2. 20

  3. 21

  4. 22


Correct Option: B
Explanation:

The G20 is an international forum for the governments and central bank governors from 19 countries and the European Union.

Which country is the current chair of the G20?

  1. India

  2. China

  3. United States

  4. Japan


Correct Option: A
Explanation:

India is the current chair of the G20.

What is the main objective of the G20?

  1. To promote international financial stability and cooperation

  2. To promote international trade and investment

  3. To promote economic growth and development

  4. To promote social justice and equality


Correct Option: A
Explanation:

The G20 was founded with the aim of promoting international financial stability and cooperation.

Which country hosted the first G20 summit?

  1. Germany

  2. Canada

  3. United States

  4. France


Correct Option: A
Explanation:

The first G20 summit was held in Berlin, Germany, in 1999.

How often does the G20 meet?

  1. Once a year

  2. Twice a year

  3. Three times a year

  4. Four times a year


Correct Option: A
Explanation:

The G20 meets once a year at the level of heads of state and government.

What is the role of the G20 in the global economy?

  1. To set global economic policies

  2. To coordinate global economic policies

  3. To monitor the global economy

  4. To provide financial assistance to countries in need


Correct Option: B
Explanation:

The G20 is the premier forum for international economic cooperation, and its members account for more than 80% of global GDP.

What are some of the key issues that the G20 has addressed?

  1. The global financial crisis

  2. The eurozone crisis

  3. The COVID-19 pandemic

  4. Climate change


Correct Option:
Explanation:

The G20 has addressed a wide range of issues, including the global financial crisis, the eurozone crisis, the COVID-19 pandemic, and climate change.

What are some of the challenges facing the G20?

  1. The rise of populism and nationalism

  2. The increasing inequality between countries

  3. The threat of climate change

  4. The ongoing COVID-19 pandemic


Correct Option:
Explanation:

The G20 faces a number of challenges, including the rise of populism and nationalism, the increasing inequality between countries, the threat of climate change, and the ongoing COVID-19 pandemic.

What is the future of the G20?

  1. The G20 will continue to play a leading role in global economic cooperation

  2. The G20 will become less important as other international organizations gain prominence

  3. The G20 will be replaced by a new international organization

  4. The G20 will cease to exist


Correct Option: A
Explanation:

The G20 is the premier forum for international economic cooperation, and its members account for more than 80% of global GDP. It is likely that the G20 will continue to play a leading role in global economic cooperation in the future.

Which country is not a member of the G20?

  1. Russia

  2. Brazil

  3. India

  4. Switzerland


Correct Option: D
Explanation:

Switzerland is not a member of the G20.

What is the G20's role in addressing climate change?

  1. To set global targets for reducing greenhouse gas emissions

  2. To provide financial assistance to developing countries for climate change mitigation and adaptation

  3. To promote the development and deployment of clean energy technologies

  4. All of the above


Correct Option: D
Explanation:

The G20 has a role to play in addressing climate change by setting global targets for reducing greenhouse gas emissions, providing financial assistance to developing countries for climate change mitigation and adaptation, and promoting the development and deployment of clean energy technologies.

What is the G20's role in promoting economic growth and development?

  1. To coordinate macroeconomic policies to promote global economic growth

  2. To provide financial assistance to developing countries for economic development

  3. To promote trade and investment liberalization

  4. All of the above


Correct Option: D
Explanation:

The G20 has a role to play in promoting economic growth and development by coordinating macroeconomic policies to promote global economic growth, providing financial assistance to developing countries for economic development, and promoting trade and investment liberalization.

What is the G20's role in promoting social justice and equality?

  1. To promote gender equality and women's empowerment

  2. To promote social protection and inclusion

  3. To promote labor market reforms to reduce inequality

  4. All of the above


Correct Option: D
Explanation:

The G20 has a role to play in promoting social justice and equality by promoting gender equality and women's empowerment, promoting social protection and inclusion, and promoting labor market reforms to reduce inequality.

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