Question

The G-7 is a group consisting of:

• A. the heads of the states of US, UK, France, Germany, Italy, Canada, and Japan
• B. the finance ministers of US, UK, France, Germany, Italy, Canada, and Japan
• C. the heads of the states of US, UK, France, Germany, Russia, Canada, and Japan
• D. the finance ministers of US, UK, France, Germany, Russia, Canada, and Japan
• E. the heads of the states of US, UK, France, Germany, Russia, Italy, and Japan

Hint:

Remember: G-7 \(⇒\) finance ministers/central bank governors; G-8 (now suspende(D) included Russia.

Answer 1

The Correct Option is B

Step 1: What is the G-7?
The G-7 (Group of Seven) originated in the 1970s as a coordination forum of major advanced economies’ finance ministers and central bank governors to discuss macroeconomic policy.
Step 2: Who are the members?
Members: US, UK, France, Germany, Italy, Canada, and Japan. Russia is not a G-7 member (it was added later for the G-8 and then suspende(D).
Step 3: Eliminate options
- (A), (E): describe heads of state, not the original institutional composition.
- (C), (D): wrongly include Russia.
- (B): correctly states finance ministers of the seven members.
\[ \boxed{\text{Therefore, (B) is correct.}} \]