DSAV – CHENNAI - CLASS XII – ECONOMICS – PRACTICE QUESTIONS ON G20

(FOR BOARD EXAM, MARCH – 2025)

Q1. What is the G20 Summit?
A. A meeting of the world’s 20 largest economies
B. A global sports event
C. An international cultural festival
D. A gathering of 20 prominent scientists
Answer: a) A meeting of the world’s 20 largest economies
Q2. When and where was the G20 Summit held in 2023?
A. November 2023, Paris, France
B. June 2023, New York, USA
C. September 2023, Tokyo, Japan
D. August 2023, Moscow, Russia
Answer: a) November 2023, Paris, France
Q3. Which country hosted the G20 Summit in 2023?
A. Germany
B. India
C. France
D. China
Answer: c) France
Q4. How often is the G20 Summit held?
A. Annually
B. Every two years
C. Every five years
D. Whenever deemed necessary
Answer: a) Annually
Q5. What is the primary focus of the G20 Summit?
A. Economic cooperation and financial stability
B. Environmental conservation
C. Space exploration
D. Human rights advocacy
Answer: a) Economic cooperation and financial stability
Q6. Which of the following is NOT a G20 member country?
A. Brazil
B. South Korea
C. Nigeria
D. Spain
Answer: d) Spain
Q7. Who typically represents the United States at the G20 Summit?
A. The Vice President
B. The Secretary of State
C. The President
D. The Ambassador to the UN
Answer: c) The President
Q8. What is the G20’s role in addressing global financial issues?
A. Setting global interest rates
B. Providing financial aid to developing countries
C. Promoting economic stability and sustainable growth
D. Regulating international trade
Answer: c) Promoting economic stability and sustainable growth
 Q9. Which G20 committee focuses on environmental issues and sustainable development?
A. Energy and Climate Committee
B. Finance Committee
C. Agriculture Committee
D. Trade and Industry Committee
Answer: a) Energy and Climate Committee
Q10. What is the primary goal of the G20’s Finance Track?
A. Eliminating all international trade barriers
B. Ensuring global financial institutions’ profits
C. Promoting global economic stability through policy coordination
D. Reducing taxes on international corporations
Answer: c) Promoting global economic stability through policy coordination
Q11. What is the G20’s stance on free trade?
A. Strongly opposes free trade
B. Advocates for protectionist policies
C. Supports free and open trade
D. Is indifferent to trade issues
Answer: c) Supports free and open trade
Q12. Which G20 member is known for its “Belt and Road Initiative”?
A. India
B. Russia
C. China
D. South Africa
Answer: c) China
Q13. What is the primary function of the G20 Development Working Group?
A. Promoting military alliances
B. Focusing on global health issues
C. Addressing economic and social development challenges
D. Encouraging space exploration
Answer: c) Addressing economic and social development challenges
Q14. What is the G20’s stance on climate change and the Paris Agreement?
A. Strongly opposes the Paris Agreement
B. Has no official stance on climate change
C. Supports the Paris Agreement and climate action
D. Advocates for increased greenhouse gas emissions
Answer: c) Supports the Paris Agreement and climate action
Q15. What does the term “G20” stand for?
A. Group of 20 Nations
B. Global 20 Summit
C. Grand 20 Assembly
D. Grouping of 20 Countries
Answer: a) Group of 20 Nations
Q16. Which G20 member is known for its contributions to the fight against HIV/AIDS and
other diseases in Africa?
A. Germany
B. Canada
C. Japan
D. The United States
Answer: d) The United States
Q17. What is the primary mission of the G20’s Health Working Group?
A. Advancing global healthcare through vaccination programs
B. Promoting international healthcare tourism
C. Focusing on healthcare infrastructure development
D. Addressing global health challenges
Answer: d) Addressing global health challenges
Q18. Which country is hosting the next G20 Summit in 2024?
A. Brazil
B. South Korea
C. Australia
D. Saudi Arabia
Answer: c) Australia
Q19. What is the primary goal of the G20’s Trade and Industry Committee?
A. Promoting trade protectionism
B. Encouraging international trade conflicts
C. Enhancing global trade cooperation and development
D. Ignoring trade-related issues
Answer: c) Enhancing global trade cooperation and development
Q20. What are the main topics discussed at the G20 Summit 2023 in Paris?
A. Economy, trade, and sustainable development
B. Literature and arts
C. Military alliances and conflicts
D. Celebrities and entertainment
Answer: a) Economy, trade, and sustainable development
Q21. How many member countries are there in the G20?
A. 10
B. 15
C. 20
D. 25
Answer: c) 20
Q22. Which of the following is NOT a G20 member from the African continent?
A. South Africa
B. Nigeria
C. Egypt
D. Argentina
Answer: d) Argentina
Q23. What is the primary focus of the G20 Digital Economy Task Force?
A. Regulating social media platforms
B. Advancing digital innovation and inclusion
C. Promoting cybersecurity warfare
D. Ignoring digital issues
Answer: b) Advancing digital innovation and inclusion
Q24. Which international organization often collaborates with the G20 on global economic
issues?
A. United Nations
B. World Health Organization
C. FIFA
D. World Trade Organization
Answer: a) United Nations
Q25. What is the G20’s stance on the COVID-19 pandemic and vaccine distribution?
A. Opposes vaccine distribution
B. Supports equitable vaccine access and global pandemic response
C. Advocates vaccine hoarding
D. Ignores the pandemic
Answer: b) Supports equitable vaccine access and global pandemic response
Q26. Which G20 member is known for its leadership in renewable energy and clean
technology?
A. Russia
B. Canada
C. India
D. France
Answer: d) France
Q27. What is the primary purpose of the G20’s Anti-Corruption Working Group?
A. Promoting corrupt practices
B. Combating corruption through international cooperation
C. Ignoring corruption issues
D. Advocating for legalized bribery
Answer: b) Combating corruption through international cooperation
Q28. Which G20 member is known for its strong emphasis on agricultural sustainability and
food security?
A. Italy
B. Brazil
C. Mexico
D. Japan
Answer: b) Brazil
Q29. What is the role of the G20’s Labor and Employment Working Group?
A. Promoting child labor
B. Addressing global labor issues and employment challenges
C. Ignoring labor rights
D. Advocating for low wages
Answer: b) Addressing global labor issues and employment challenges
Q30. In what year was the first G20 Summit held?
A. 1999
B. 2005
C. 2008
D. 2010
Answer: b) 2005
Q31. Which G20 member nation is responsible for hosting the G20 Summit in 2025?
A. Japan
B. Brazil
C. South Korea
D. Australia
Answer: b) Brazil
Q32. What is the primary focus of the G20’s Women’s Empowerment Working Group?
A. Advocating for gender inequality
B. Promoting women’s rights and economic participation
C. Ignoring women’s issues
D. Opposing women’s empowerment
Answer: b) Promoting women’s rights and economic participation
Q33. Which G20 member is renowned for its commitment to space exploration and research?
A. United Kingdom
B. Canada
C. Russia
D. China
Answer: d) China
Q34. What is the G20’s stance on international trade disputes and tariffs?
A. Supports increased trade disputes
B. Opposes tariffs and advocates for trade cooperation
C. Advocates for unilateral trade policies
D. Is indifferent to trade issues
Answer: b) Opposes tariffs and advocates for trade cooperation
Q35. Which G20 committee is responsible for addressing global energy issues and resource
sustainability?
A. Energy and Climate Committee
B. Finance Committee
C. Agriculture Committee
D. Trade and Industry Committee
Answer: a) Energy and Climate Committee
What is the G20?
The G20, or Group of Twenty, is an intergovernmental forum that was established in 1999 to
discuss global economic and financial issues.
What are the member countries of the G20?
The G20 member countries are Argentina, Australia, Brazil, Canada, China, France, Germany,
India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United
Kingdom, and the United States.
How does the G20 operate?
The G20 is not a permanent institution, and its leadership rotates annually among its
members. Decisions are made by consensus, and the political will of individual states determines
the implementation of its agenda.
What is the theme of the 2023 G20 summit?
The theme of India's 2023 G20 Presidency was "Vasudhaiva Kutumbakam" or "One Earth · One
Family · One Future".
What was the significance of the first G20 summits?
The first two G20 summits in 2008 and 2009 took place during a time of global recession. The G20
agreed on economic measures worth over four trillion US dollars, which helped calm the markets.
Important Questions Related to G20 Summit
Q.1 What is the G20 Summit 2023?
A. The G20 Summit is an intergovernmental organization comprised of 19 nations and the European
Union, focused on addressing global economic concerns.
Q.2 Which countries are members of the G20 Summit in 2023?
A. Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan,
Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, and
the United States, along with the European Union.
Q.3 Where will the G20 Summit 2023 be held?
A. The G20 Summit 2023 will be held at ‘Bharat Mandappam’ within the ITPO Convention Centre
in New Delhi’s Pragati Maidan.
Q.4 How often is the G20 Summit held?
A. The G20 Summit is held annually.
Q.5 What is the theme of the G20 Summit 2023?
A. The theme of the G20 Summit 2023 is “Vasudhaiva Kutumbakam,” which means “One Earth,
One Family, One Future.”
Q.6 What is the significance of the G20 Summit?
A. The G20 Summit brings together the world’s largest economies to address critical global
economic and environmental issues, representing a significant portion of the global GDP and
population.
Q.7 How is the G20 Summit organized?
A. The G20 Summit operates through two tracks: the Finance Track, led by Finance Ministers and
Central Bank Governors, and the Sherpa Track, led by Sherpas who represent the heads of state.
Q.8 Which country holds the G20 Presidency in 2023?
A. India holds the G20 Presidency in 2023.
Q.9 When did India assume the G20 Presidency for 2023?
A. India assumed the G20 Presidency on 1 December 2022.
Q.10 How does the G20 Summit promote cooperation among nations?
A. The G20 Summit promotes cooperation by providing a platform for leaders to discuss and address
global economic and environmental challenges.
Q.11 What percentage of the global GDP do G20 countries represent?
A. G20 countries collectively represent around 85% of the global GDP.
Q.12 What are some criticisms of the G20 Summit?
A. Critics argue that the G20 has a small membership, lacks enforcement authority, and may
undermine established international organizations.
Q.13 Which countries held the G20 Presidency before India in 2023?
A. Indonesia held the G20 Presidency before India in 2023.
Q.14 What are some key events leading up to the G20 Summit 2023?
A. Pre-summit events include the Sherpa Meeting, Finance Deputies Meeting, Ministerial Meetings,
Sustainable Finance Working Group Meeting, and Framework Working Group Meeting.
Q.15 What is the G20’s approach to reducing greenhouse gas emissions?
A. The G20 discusses strategies and commitments to reduce greenhouse gas emissions and combat
climate change.
Q.16 How does the G20 Summit align with the United Nations’ Sustainable Development Goals
(SDGs)?
A. The G20 Summit aligns with the SDGs by addressing economic and environmental issues that
contribute to sustainable development.
Q.17 How does the G20 Summit contribute to global efforts to combat poverty?
A. The G20 Summit discusses policies and strategies to reduce poverty and promote inclusive
economic growth on a global scale.
Q.18 When is the G20 Summit scheduled to take place in 2023?
A. The G20 Summit is scheduled to take place from Saturday, 9 September 2023, to Sunday, 10
September 2023.
Q. 19 Which country is the current Chair of the G20?
A. The current Chair of the G20 Summit 2023 is India. Prime Minister Narendra Modi will host the
G20 Summit 2023 for all the global leaders joining in.
Q. 20 When was G20 established?
A. 1999
Q. What is the main reason for G20 Summit?
A. Annually, the heads of state from G20 member countries convene to primarily address economic
and financial concerns, while also collaborating on various other matters of shared significance.