Step 1 — Understand the question:
The question asks us to identify the correct description of the Group of Seven Countries (G-7). This means we must recall the composition, purpose, and nature of the G-7 to determine the most accurate characterization.
Step 2 — About the G-7:
The G-7 stands for the Group of Seven, which is an informal forum of some of the world’s most advanced economies. It was originally formed in the 1970s to discuss and coordinate economic policies among major industrialized nations.
Step 3 — Member countries of G-7:
The G-7 includes:
1. United States
2. United Kingdom
3. Canada
4. France
5. Germany
6. Italy
7. Japan
All these countries are highly developed, industrialized economies with significant global influence in terms of trade, finance, and technology.
Step 4 — Purpose of G-7:
- To coordinate on global economic governance.
- To address international monetary and financial issues.
- To discuss matters of mutual interest such as climate change, trade policies, security, and development.
Unlike organizations such as the United Nations, the G-7 does not have a permanent secretariat or binding charter — it functions through annual summits and rotating presidencies.
Step 5 — Why the given option is correct:
The G-7 is not a group of developing countries, not a group of oil-exporting nations, and not a military alliance. Its distinguishing feature is that it is composed of the world’s most industrialized countries. Hence, describing it as "industrialised countries" is fully accurate.
Step 6 — Final conclusion:
Therefore, the correct description of the Group of Seven Countries (G-7) is that they are industrialised countries.
Answer: The correct option is (A) : They are industrialised countries.