Recently G20 appeared in the international news With reference to G20 consider the following statem...........

International Affairs United Nations

Recently G20 appeared in the international news. With reference to G20 consider the following statements:

1. It was established by United Nations General Assembly

2. G20 accounts for 90 percent of the world economy and two-thirds of its population.

3. During the 2009 financial crisis G20 achieved unprecedented cooperation between developed and emerging nations to prevent economic collapse.

Which of the statements given above is/are incorrect with regard to G20?

1 only

1 and 3only

2 and 3 only

1,2 and 3

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Explanation:

Only 1st statement is correct.
The G20 (or G-20 or Group of Twenty) is an international forum for the governments and central bank governors from 20 major economies. It was founded in 1999 with the aim of studying, reviewing, and promoting high-level discussion of policy issues pertaining to the promotion of international financial stability. It seeks to address issues that go beyond the responsibilities of any one organization.
The G20 heads of government or heads of state have periodically conferred at summits since their initial meeting in 2008, and the group also hosts separate meetings of finance ministers and central bank governors.
Collectively, the G20 economies account for around 85% of the gross world product (GWP), 80% of world trade (or, if excluding EU intra-trade, 75%), and two-thirds of the world population.