Which of the following statements are correct about the composition of the G 20? 1. All G7 countries are members of G 20 2. All BRICS countries are members of G 20 3. All ASEAN countries are members of G 20 4. All permanent members of Security Council are members of G 20 Select the answer using the code given below:

The G20 is a premier international economic forum comprising 19 countries and the European Union (and recently the African Union). Statement 1 is correct as all G7 members (USA, Canada, Germany, UK, France, Italy, and Japan) are part of the G20 [1][5]. Statement 2 is correct regarding the original BRICS (Brazil, Russia, India, China, and South Africa), all of whom are G20 members [4][5]. Statement 3 is incorrect; while Indonesia is a member, the entire ASEAN bloc is not individually represented in the G20. Statement 4 is correct as all five permanent members of the UN Security Council (USA, Russia, UK, France, and China) are G20 members [4][5]. Since statements 1, 2, and 4 are correct, and no option includes all three, the most accurate selection based on the provided codes is option 3 (1 and 4).

Sources

1. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > 2 G7 > p. 547
2. [5] https://www.investopedia.com/terms/g/g5.asp
3. [4] https://home.treasury.gov/policy-issues/international/g-7-and-g-20