Multiple Choice Questions on Group of 24 G 24 established in which year ........ for RBI Grade B Exam Preparation

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    Group of 24 (G-24) established in which year?

    1963

    Incorrect Answer

    1969

    Incorrect Answer

    1971

    Correct Answer

    1975

    Incorrect Answer
    Explanation:

    The Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development, or The Group of 24 (G-24) was established in 1971 as a chapter of the Group of 77 in order to help coordinate the positions of developing countries on international monetary and development finance issues, as well as and to ensure that their interests are adequately represented in negotiations on international monetary matters. Though originally named after the number of founding Member States, it now has 28 Members (plus China, which acts as a Special Invitee). Although the G-24 officially has 28 member countries, any member of the G-77 can join discussions.


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