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?
A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
Answer & Solution
Correct answer: C. Both 1 and 2
Answer: C. Both statements about G-20 are correct.
Statement 1 is CORRECT. The G-20 was ORIGINALLY ESTABLISHED in 1999 as a forum for FINANCE MINISTERS AND CENTRAL BANK GOVERNORS to discuss international economic and financial issues, following the Asian Financial Crisis of 1997-98. It was elevated to a HEADS OF STATE/GOVERNMENT level summit during the 2008 Global Financial Crisis (Washington Summit, November 2008). It comprises 19 countries plus the EU (later African Union added at India's G-20 in 2023).
Statement 2 is CORRECT. DIGITAL PUBLIC INFRASTRUCTURE (DPI) was indeed one of India's G-20 priorities during India's G-20 Presidency in 2023. India promoted DPI as a development paradigm, sharing its Aadhaar-UPI-DigiLocker experience. The G-20 Leaders' Declaration in Delhi explicitly endorsed DPI for sustainable development. Other India priorities included LiFE (Lifestyle for Environment), Climate Finance, Women-Led Development.
Both statements are accurate.
Source: G-20 official website / India G-20 Presidency communications / Ministry of External Affairs.
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