G20 : Purpose & membership
Q. 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- Published on 10 Nov 15a. Only 1
b. Only 2
c. Both
d. None
ANSWER: Both
- 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.
