Consider the following statements about G-20:

1. The G-20 group was originally established as a platform for the Finance Ministers and Central Bank Governors to discuss the international economic and financial issues.

2. Digital public infrastructure is one of India's G-20 priorities.

Which of the statements given above is/are correct?

Question

Question

This question was previously asked in

UPSC Civil Services Prelims 2023: General Studies (SET - A - Held on 28 May)

Answer 1

The correct answer is option 3.

Key Points G20:

Established:
- The Group of Twenty (G20) was established in 1999 in response to the financial crises of the late 1990s.
Initial Purpose:
- Initially, it served as a forum for Finance Ministers and Central Bank Governors to discuss global economic and financial issues.
- Hence, Statement 1 is correct.
Members:
- The G20 includes 19 countries and the European Union + African Union, representing major global economies:
- Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States, and the European Union + African Union.
Objective:
- To promote global economic stability, sustainable growth, and financial resilience by addressing key economic challenges.
Current Focus (India's G20 Presidency):
- Digital Public Infrastructure is one of the key priorities during India's G20 Presidency.
- It is a cross-cutting theme across various working groups, including Digital Economy, Health, Education, and Global Partnership for Financial Inclusion.
- Hence, Statement 2 is correct.
Therefore, the correct answer is Option 3: Both 1 and 2.