Consider the following statements with reference to Group of Twenty G20 The G 20 rsquo s primary man...........

International Affairs G-20

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Consider the following statements with reference to Group of Twenty/G20

The G-20’s primary mandate is to prevent future international financial crises and shape the global economic agenda.
India has proposed development of voluntary ‘G-20 Principles on Coordinated Cross-Border Movement of People’.
China, India and Saudi Arabia all three of them are part of this grouping.

Select the correct statement.

1&2 only

2&3 only

1&3 only

All of the above

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Explanation:

The Group of Twenty, or G20, is the premier forum for international cooperation on the most important aspects of the international economic and financial agenda.
The objectives of the G20 are:

Policy coordination between its members in order to achieve global economic stability, sustainable growth;
To promote financial regulations that reduce risks and prevent future financial crises; and
To create a new international financial architecture.

The G20 Foreign Ministers’ Extraordinary Meeting was convened by the current G20 Chair, the Kingdom of Saudi Arabia on 3rd September, 2020.

India has proposed for the development of voluntary ‘G-20 Principles on Coordinated Cross-Border Movement of People’ with three elements: a) Standardisation of testing procedures and universal acceptability of test results; b) Standardisation of ‘Quarantine procedures’; c) Standardisation of ‘movement and transit’ protocols.

The G20 comprises Argentina, Australia, Brazil, Canada, China, EU, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, UK and USA.

Hence all statements are correct.