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Question

G-20 Countries seek to crackdown on tax havens, terror financing. Consider the following statements about the G-20:

Which of the following is/are correct?


A

1 only

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B

2 only

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C

None of these

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D

All of these

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Solution

The correct option is C

None of these


G20 is an international forum for the governments and central bank governors from 20 major economies. The members include 19 individual countries—Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States—along with the European Union (EU). The EU is represented by the European Commission and by the European Central Bank. G20 is the premier forum (It is not an organsation) for global economic and financial cooperation. Being a forum it does not have any permanent secretariat or management and administrative structure. The group's chair rotates annually among the members and is selected from a different regional grouping of countries. The chair is part of a revolving three-member management group of past, present and future chairs, referred to as the "Troika".


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