Previous Year Question
Consider the following statements regarding G-20 summits:
(A) The 12th G-20 summit was held in Germany.
(B) The 13th G-20 summit will be held in China.
(C) The 14th G-20 summit will be held in Japan.
Of the above the correct statements are:
(A) and (B) only
(A) and (C) only
(B) and (C) only
(A), (B) and (C)
Correct Answer: B
Detailed Solution
Statement 1 is correct. The 12th G-20 Summit was held on 7–8 July 2017 in Hamburg, Germany. It was chaired by German Chancellor Angela Merkel. The main theme of the summit was "Shaping an Interconnected World". Issues such as International Trade, Climate Change, Sustainable Development, and Global Economic Cooperation were discussed.
Statement 2 is incorrect. The 13th G-20 Summit was held not in China but in Buenos Aires, Argentina, on 30 November–1 December 2018. It was chaired by Argentine President Mauricio Macri. Its main theme was "Building Consensus for Fair and Sustainable Development". The 11th G-20 Summit was held in Hangzhou, China, on 4–5 September 2016.
Statement 3 is correct. The 14th G-20 Summit was held on 28–29 June 2019 in Osaka, Japan. It was chaired by Japanese Prime Minister Shinzo Abe. Major issues discussed at the summit included Global Economic Growth, International Trade, Digital Economy, Environment, and Climate Change. It was the first G-20 Summit hosted by Japan.
The G-20 (Group of Twenty) was established in 1999 as a forum for international economic and financial cooperation. Initially, meetings were held among Finance Ministers and Central Bank Governors. Following the Global Financial Crisis, the first G-20 Leaders' Summit was held on 15 November 2008 in Washington, D.C. (USA). Subsequently, it became a major forum for global economic cooperation. Thus, the 12th, 13th, and 14th summits were held in Germany (2017), Argentina (2018), and Japan (2019), respectively.