Discussion
Consider the following statements regarding G20 :
1. The G20 was founded in 2008 after the global economic and financial crisis of 2007.
2. The G20 does not have a permanent secretariat or staff.
3. India has hosted the G20 summit twice.
Which of the above statements is/are correct ?
Answer: C
Only statement 2 is correct, so the answer is 2 only.
The G20 has no permanent secretariat or staff: the presidency rotates every year and the presiding country runs a temporary secretariat, supported by the previous and next presidencies (the troika).
Statement 1 is wrong: the G20 was founded in 1999, as a forum of finance ministers and central bank governors after the Asian financial crisis. It was raised to leaders' summits in 2008 after the global financial crisis, which is the source of the confusion. Statement 3 is wrong: India has hosted the G20 summit once, in New Delhi in September 2023.
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