G20 & G7 — Set 7

Correct Answer: C. Indonesia

• **Indonesia** = hosted the G20 summit in Bali in 2022. • **2022** — Indonesia held the G20 presidency in this year, marking its leadership as the first Southeast Asian nation to do so. • 💡 Wrong-option analysis: India: hosted the G20 summit in 2023; Italy: hosted the G20 summit in 2021; Brazil: is scheduled to host the G20 summit in 2024.

Correct Answer: C. 1999

• **1999** = The G20 was founded at the level of Finance Ministers in this year. • **2008** — The G20 evolved from a finance ministers' forum into a leaders' summit in this year. • 💡 Wrong-option analysis: 1995: the G20 was not founded in this year; 1997: the Asian financial crisis occurred in this year, preceding the G20's formation; 2001: the G20 was already established by this year.

Correct Answer: C. Brazil

• **Brazil** = is set to host the G20 Summit in 2024. • **2023** — Brazil took over the G20 presidency from India in December of this year. • 💡 Wrong-option analysis: India: hosted the G20 summit in 2023; South Africa: is a G20 member but not hosting in 2024; Mexico: hosted the G20 summit in 2012.

Correct Answer: A. Japan

• **Japan** = is the only Asian representative nation in the G7 group. • **1975** — Japan was an original member when the G6 was formed in this year. • 💡 Wrong-option analysis: India: is not a member of the G7; China: is not a member of the G7; Singapore: is not a member of the G7.

Correct Answer: B. A personal representative of a head of state

• **A personal representative of a head of state** = is what the 'Sherpa' in G20 refers to. • **Himalayas** — The term 'Sherpa' is derived from the guides who assist climbers in this mountain range. • 💡 Wrong-option analysis: A security officer: Sherpas are high-level diplomatic representatives, not security personnel; A financial auditor: Sherpas deal with policy and agenda, not auditing; The host nation's logo: this is entirely unrelated to the role of a Sherpa.

Correct Answer: C. Mexico

• **Mexico** = is a member of the G20 but not of the G7. • **2012** — Mexico hosted the G20 summit in Los Cabos in this year. • 💡 Wrong-option analysis: United Kingdom: is a member of both G7 and G20; France: is a member of both G7 and G20; Canada: is a member of both G7 and G20.

Correct Answer: B. 75%

• **75%** = is the approximate percentage of global trade accounted for by G20 members. • **85%** — G20 members also account for this percentage of the world's GDP. • 💡 Wrong-option analysis: 50%: this figure is significantly lower than the actual contribution; 90%: this figure is higher than the actual contribution to global trade; 60%: this figure is lower than the actual contribution.

Correct Answer: B. Rambouillet Summit

• **Rambouillet Summit** = was the first G7 summit held in 1975. • **1975** — This summit was held in France, and it was initially a G6 summit with six countries attending. • 💡 Wrong-option analysis: London Summit: various G7 summits have been held in London, but not the first one; Tokyo Summit: a G7 summit was held in Tokyo in 1979, but not the first; Bonn Summit: a G7 summit was held in Bonn in 1978, but not the first.

Correct Answer: B. India

• **India** = is the country whose prime minister gave the slogan 'Vasudhaiva Kutumbakam' for G20. • **2023** — This slogan was introduced by India's Prime Minister for the G20 presidency held in this year. • 💡 Wrong-option analysis: USA: did not introduce this slogan; Japan: did not introduce this slogan; United Kingdom: did not introduce this slogan.

Correct Answer: C. USA

• **USA** = is the G20 member with the largest economy in terms of GDP. • **Second** — China holds this position for the largest economy among G20 members, following the USA. • 💡 Wrong-option analysis: China: has the second largest economy, not the largest; India: has a significant economy but not the largest in G20; Japan: has a large economy but is smaller than the USA and China.