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Q100 (IAS/2023) International Relations & Global Affairs › International Organisations & Groupings › Global economic governance Official Key

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?

Result
Your answer: —  ·  Correct: C
Explanation

The correct answer is Option 3 (Both 1 and 2) because both statements accurately describe the evolution and current focus of the G-20.

  • Statement 1 is correct: The G-20 was established in 1999 in the aftermath of the Asian financial crisis. It was initially conceived as a forum for Finance Ministers and Central Bank Governors to deliberate on global economic stability and financial regulation. It was only elevated to the level of Heads of State/Government in 2008 following the global financial crisis.
  • Statement 2 is correct: During its 2023 Presidency, India centered its agenda on Digital Public Infrastructure (DPI). India successfully advocated for the "G20 Framework for Systems of Digital Public Infrastructure," emphasizing how digital identity, payment systems, and data exchange can drive financial inclusion and sustainable development.

Since both the historical origin and the contemporary priority mentioned are factually accurate, Option 3 is the right choice.

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Don’t just practise – reverse-engineer the question. This panel shows where this PYQ came from (books / web), how the examiner broke it into hidden statements, and which nearby micro-concepts you were supposed to learn from it. Treat it like an autopsy of the question: what might have triggered it, which exact lines in the book matter, and what linked ideas you should carry forward to future questions.
Q. Consider the following statements about G-20 : 1. The G-20 group was originally established as a platform for the Finance Ministers and …
At a glance
Origin: Books + Current Affairs Fairness: Moderate fairness Books / CA: 5/10 · 5/10
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This is a classic 'Static + Dynamic' combo. Statement 1 is standard textbook history (International Orgs), while Statement 2 is the headline theme of the year (India's G20 Presidency). If India hosts a summit, you must know the specific agenda pillars, not just the venue.

How this question is built

This question can be broken into the following sub-statements. Tap a statement sentence to jump into its detailed analysis.

Statement 1
Was the G-20 originally established as a platform for Finance Ministers and Central Bank Governors to discuss international economic and financial issues?
Origin: Direct from books Fairness: Straightforward Book-answerable
From standard books
Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > B G<sub>20</sub> > p. 547
Presence: 5/5
“1100004 • It was established in 1999 to bring together systematically important industrialised and developing economies to discuss key issues in the global economy. • India is a member of G20. di. • It includes the finance ministers and central bank governors of 19 countries ö and EU. • Together the member countries represent around 90 per cent of the global GDP, 80 per × cent of world trade as well as two-thirds of the world's population.”
Why this source?
  • Explicitly states G20 was established in 1999 to bring together major industrialised and developing economies to discuss key issues in the global economy.
  • Specifies the grouping includes the finance ministers and central bank governors of member countries (plus the EU), linking membership to those office-holders.
  • Combines purpose (discussing global economic issues) with composition (FMs and central bank governors), matching the claim that it was a platform for those officials.
Statement analysis

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