Question:
Statement-A: The G20 was founded in 1999 after the Asian Financial crisis as a forum for the finance ministers and Central Bank Governors to discuss global economic and financial issues.
Statement-B: It is held biannually under the leadership of a rotating presidency.
Choose the correct answer from the options given below:
Statement-A: The G20 was founded in 1999 after the Asian Financial crisis as a forum for the finance ministers and Central Bank Governors to discuss global economic and financial issues.
Statement-B: It is held biannually under the leadership of a rotating presidency.
Choose the correct answer from the options given below:
Statement-B: It is held biannually under the leadership of a rotating presidency.
Choose the correct answer from the options given below:
Show Hint
When dealing with statements about international forums, verify the frequency of meetings and their founding dates to assess their correctness.
Updated On: Feb 15, 2025
- Statements A and B are correct.
- Statements A and B both are incorrect.
- Statement A is correct, B is incorrect.
- Statement A is incorrect, B is correct.
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The Correct Option is C
Solution and Explanation
- Statement A is correct. The G20 was founded in 1999 after the Asian Financial crisis, and its main purpose is to discuss global economic and financial issues.
- Statement B is incorrect. The G20 summit is held annually, not biannually, under the leadership of a rotating presidency.
Thus, Statement A is correct, and Statement B is incorrect.
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