Q. In which one of the following groups are all the four countries members of G20?
a) Argentina, Mexico, South Africa and Turkey
b) Australia, Canada, Malaysia and New Zealand
c) Brazil, Iran, Saudi Arabia and Vietnam
d) Indonesia, Japan, Singapore and South Korea
Correct Answer : a) Argentina, Mexico, South Africa and Turkey
Question from UPSC Prelims 2020 GS Paper
Explanation:
Group of Twenty (G20)
Group of Twenty (G20) is an international forum for the governments and central bank governors from 19 countries and the European Union (EU). The G20 aims to discuss policy pertaining to the promotion of international financial stability, and it seeks to address issues that go beyond the responsibilities of any one organization.
Members of the G20
The members of the G20 are:
- Argentina
- Australia
- Brazil
- Canada
- China
- France
- Germany
- India
- Indonesia
- Italy
- Japan
- Mexico
- Russia
- Saudi Arabia
- South Africa
- South Korea
- Turkey
- United Kingdom
- United States
- European Union (The EU is represented by the European Commission and by the European Central Bank.)
These members represent the world’s largest economies, including both industrialized and developing nations, covering about two-thirds of the world population, 85% of global gross domestic product (GDP), and over 75% of global trade. The G20’s significance lies in its ability to bring together the world’s major economies to discuss and promote high-level policy dialogue on key issues related to global economic stability.
Group of Countries in the G20
To determine which group of countries are all members of the G20, let’s examine each option:
a) Argentina, Mexico, South Africa, and Turkey
All of these countries are indeed members of the G20, which is a forum of the world’s major economies that includes 19 countries and the European Union.
b) Australia, Canada, Malaysia, and New Zealand
While Australia and Canada are members of the G20, Malaysia and New Zealand are not.
c) Brazil, Iran, Saudi Arabia, and Vietnam
Brazil and Saudi Arabia are members of the G20, but Iran and Vietnam are not.
d) Indonesia, Japan, Singapore, and South Korea
Indonesia, Japan, and South Korea are members of the G20, but Singapore is not.
Therefore, the correct answer is:
a) Argentina, Mexico, South Africa, and Turkey