This week witnessed the G20 Digital Economy Ministerial meeting Which of the following statements in...........

International Affairs International Institutions

This week witnessed the G20 Digital Economy Ministerial meeting. Which of the following statements in this regard is/are correct?

1. The G20 is a group of twenty countries accounting for 80% of the total international trade, 65% of the global population.

2. It was started in 1999, the year that witnessed the first G20 Leaders’ Summit being held in Washing DC.

Choose the correct alternative

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Fourth option is correct.

G20 is name of the economic grouping including 19 countries and EU therefore, 37 countries. Started in 1999 in the back drop of Asian Tigers Crisis. From 1999 till 2008 it acted as just a forum where finance ministers and experts of the countries would meet. First Leaders’ Summit took place in 2008 in Washington DC.