2) 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
a. Only 1
b. Only 2
c. Both
d. None
Answer
Explanation
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ANSWER: Both
Explanation: - 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.
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3) Which of the following are members of G-20?
1. Saudi Arabia 2. India 3. Italy 4. Russia 5. New Zealand
a. 2,3,4,5
b. 2,3,4
c. 1,2,3,4
d. All
Answer
Explanation
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ANSWER: 1,2,3,4
Explanation: Brazil, China, Russia, India, South Africa, Australia, Argentina, Canada, France, Indonesia, Germany, Italy, Mexico, Japan, Saudi Arabia, Turkey, South Korea, United Kingdom (UK), United States (US) and European Union (EU) are members of G-20.
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