UPSC Prelims 2023 · Question 60 of 97

UPSC Prelims 2023 question on G20 Origins Finance Ministers

Consider the following statements about G-20:

1. The G-20 group was originally established as a platform for the Finance Ministers and Central Bank Governors to discuss the international economic and financial issues.
2. Digital public infrastructure is one of India's G-20 priorities.

Which of the statements given above is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2
Show answer

Answer: C. Both 1 and 2

Verdict

Both statements are correct → Option (c) Both 1 and 2.

Statement by statement

Statement 1 – CORRECT: The G20 group of 19 countries and the EU was established in 1999 as a platform for Finance Ministers and Central Bank Governors to discuss international economic and financial issues. Together, the G20 countries account for almost two-thirds of the global population, 75% of global trade, and 85% of the world's GDP.

Statement 2 – CORRECT: Digital Public Infrastructure is one of the key priorities during India's G20 Presidency. It is a cross-cutting theme across various Working Groups including Digital Economy, Health, Education and Global Partnership for Financial inclusion.

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