Consider the following statements about G-20:
- The G-20 group was originally established as a platform for the Finance Ministers and Central Bank Governors to discuss the international economic and financial issues.
- Digital public infrastructure is one of India's G-20 priorities.
Which of the statements given above is/are correct?
Detailed Explanation:
Answer: Option 3 — Both 1 and 2
Both statements about the G-20 are correct. The G-20 was indeed established in 1999 as a forum for Finance Ministers and Central Bank Governors to discuss international economic and financial stability. India's 2023 G-20 presidency prioritized digital public infrastructure (DPI) as a key deliverable, emphasizing its role in inclusive growth and development.
✅ Statement 1 – Correct: The G-20 was originally established in 1999 as a platform for Finance Ministers and Central Bank Governors to discuss international economic and financial issues following the Asian financial crisis.
✅ Statement 2 – Correct: Digital public infrastructure was one of India's key priorities during its 2023 G-20 presidency, focusing on leveraging DPI for inclusive development and bridging the digital divide.
📝 Short Notes: G-20
- Formation: Established in 1999 as a forum for Finance Ministers and Central Bank Governors after the Asian financial crisis
- First Leaders' Summit: Held in 2008 in Washington D.C. in response to the global financial crisis
- Membership: 19 countries plus the European Union and African Union (added in 2023)
- Purpose: Discusses major issues related to global economy, financial stability, climate change, and sustainable development
- India's 2023 Presidency Priorities: Digital public infrastructure, green development, women-led development, and inclusion
- Representation: G-20 members represent about 85% of global GDP, 75% of global trade, and two-thirds of the world population
Question 1 of 3 G20
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First question in this topic
With reference to the "G20 Common Framework", consider the following statements: I...