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Consider the following statements regarding G20
G20 nations account for over 95% of global GDP and about 60% of the world’s population.
G20 Rio de Janeiro Leaders’ Declaration, 2024 advocates for progressive and effective taxation of the super-rich.
India is the first G20 country to have fulfilled the commitments made under the Paris Agreement ahead of time.
How many of the above statements is/are correct?
Only One
Only Two
All Three
None
Only statements 2&3 are correct.
G20’s Global Economic Influence: The G20 nations collectively represent over 85% of global economic output, around 75% of global exports, and about 80% of the world’s population.
It offers a more diverse and accurate representation of the world’s economy than older blocs like the G7.
G20 Rio de Janeiro Leaders’ Declaration, 2024
Taxing the Super-Rich: The declaration advocates for progressive and effective taxation of the super-rich.
Respect for fiscal sovereignty is emphasised while promoting international cooperation on tax principles.
Multilateralism: The declaration emphasised better representation of underrepresented regions such as Africa, Latin America, and Asia-Pacific in the UN Security Council.
G20 launched the Global Alliance against Hunger and Poverty, targeting 500 million people with cash transfers and 150 million children with school meals by 2030.
India’s Sectoral Progress Highlighted in the G20 Rio Declaration:
Paris Agreement Target: India is the first G20 country to have fulfilled the commitments made under the Paris Agreement ahead of time.
India has already achieved its target of 40% installed electric capacity from non-fossil fuels in November 2021 itself.
Hence option 2nd is correct.
By: Shubham Tiwari ProfileResourcesReport error
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