Question
Which of the following Statements about the G20 is/are
True? I- It is an informal group of 19 countries and the European Union, with representatives of the International Monetary Fund and the World Bank. II- India is a member country. III- The G20 Presidency is fixed with European Nations only.Solution
The G20 Presidency rotates annually according to a system that ensures a regional balance over time. For the selection of presidency, the 19 countries are divided into 5 groups, each having no more than 4 countries. The presidency rotates between each group. Every year the G20 selects a country from another group to be president. India is in Group 2 which also has Russia, South Africa, and Turkey. The members of the G20 are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey the United Kingdom the United States and the European Union.
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