G20 Quiz Questions and Answers: The Group of Twenty (G20) is the main forum for international economic cooperation. It plays an important role in shaping and strengthening the global architecture and governance of all major international economic issues.
India chairs the G20 from 1 December 2022 to 30 November 2023.
The G-20 was established in 1999 to discuss policies related to the promotion of international financial stability. India is a founding member of the G-20. To prepare for the upcoming exams, solve this set of 10 questions about the G20 and its summits.
For India, the G20 presidency also marks the beginning of “Amritkaal“, which is a period of 25 years starting from the 75th anniversary of independence on August 15, 2022.
Towards the centenary of independence, towards a futuristic, prosperous, inclusive and developed society, characterized by a human-centered approach at its core.
The 18th G20 Summit will be held on September 9 and 10, 2023 in New Delhi. The summit will be the culmination of all G20 processes and meetings held during the year among ministers, high-ranking officials and civil societies.
A G20 Leaders’ Declaration will be adopted at the end of the New Delhi summit, which will outline the leaders’ commitment to the priorities discussed and agreed upon at the respective ministerial and working group meetings.
1. When was the G20 founded?
(a) 1995
(b) 1999
(c) 1985
(d) 2000
Ans. b
Explanation: The G20 was established in 1999 to bring together finance ministers and central bank governors from developed and developing countries.
2. Which of the following statements is not true about G 20?
(a) Now the G20 summits are attended only by finance ministers and central bank governors of member countries.
(b) India has never hosted any G20 summit
(c) Its main objective is to eliminate poverty in the world
(d) Meetings are held once a year.
Ans. c
Explanation: The main goal of this group is to promote financial stability and sustainable development in the world.
3. Which of the following cities is hosting the recent G20 summit to be held in 2023?
(a) Brisbane
(b) Osaka
(c) Antalya
(d) India
Ans. d
Explanation: India is scheduled to hold the G20 Chairmanship from 1 December 2022 to 30 November 2023.
4. What is the theme of the G20 summit held in India?
(a) Shaping an interconnected world
(b) Fighting poverty with rigidity
(c) “One country-one family-one future”.
(d) We create the world together
Ans. c
Explanation: The theme of India’s G20 chairmanship aligns with Prime Minister Modi’s key foreign policy template – “Vasudhaiva Kutumbakam” or “One Country-One Family-One Future”.
5. Which of the following is not a member of the G20?
(a) Indonesia
(b) Singapore
(c) Mexico
(d) Turkey
Ans. b
Explanation: Singapore is not a member of the G20.
6. Which of the following statements is not true about the G20?
(a) At the G20 meetings, the EU is represented by the European Commission and the European Central Bank
(b) G20 economies account for about 85% of gross world product (GWP)
(c) G20 economies account for about 80% of world trade
(d) The G20 economies account for about 40% of the world’s population
Ans. d
Explanation: The G20 economies account for about two-thirds of the world’s population.
7. Where was the first G20 summit held?
(and now
(b) Britain
(c) Canada
(d) France
Ans. And
Clarification: The first G20 summit was held in Washington in 2008.
8. How many meetings at the G20 summit have been held to date?
(a) 5
(b) 9
(c) 11
(d) 17
Ans. d
Explanation: The 17th summit is being held in Nusa Bali (Indonesia), and the 18th G-20 summit will be held in India in 2023.
9. Which of the following statements is true about the G20?
(a) The G20 Presidency is supported by a “troika” consisting of current, immediate past and future host countries
(b) The G20 has a permanent secretariat
(c) In 2015, the G20 is chaired by China
(d) The G20 Presidency rotates every two years
Ans. And
Explanation: The G20 Presidency has the support of a “troika” consisting of current, immediate past and future host countries
10. When will India hold the G-20 summit?
(a) 2020
(b) 2023
(c) 2022
(d) None of the above
Ans. b
Explanation: It is surprising that India has not hosted any G-20 meeting so far. But in 2023, India will host the 18th G-20 summit.
11. Where was the inspiration for the G20 2023 summit logo?
(a) National Flag of India
(b) National flag of Russia
(c) the national flag of France
(d) None of the above
Ans. And
Explanation: The G20 logo draws inspiration from the vibrant colors of the Indian national flag – saffron, white and green and blue. It juxtaposes planet Earth with the lotus, India’s national flower, which represents growth amidst challenges. The earth reflects India’s pro-planetary approach to life, which is in perfect harmony with nature. Below the G20 logo is “Bharat”, written in the Devanagari script.
12. What is the theme of G20 2023?
(a) Black Lives Matter
(b) Live, Laugh, Love
(c) Vasudhaiva Kutumbakam
(d) None of the above
Ans. c
Explanation: The theme of India’s G20 presidency – “Vasudhaiva Kutumbakam” or “One Earth · One Family · One Future” – is drawn from the ancient Sanskrit text of the Maha Upanishad. In essence, the theme affirms the value of all life – human, animal, plant and micro-organism – and their interconnectedness on planet Earth and in the wider universe.
For more than 500 questions and answers on Indian Economy
What is the G-20 organization: list of summit meetings
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Source: HIS Education