Question

UPSC Prelims 2020 Question:

In which one of the following groups are all the four countries members of G20?

  1. 1. Argentina, Mexico, South Africa and Turkey
  2. 2. Australia, Canada, Malaysia and New Zealand
  3. 3. Brazil, Iran, Saudi Arabia and Vietnam
  4. 4. Indonesia, Japan, Singapore and South Korea

Answer (Detailed Solution Below)

Option 1: Argentina, Mexico, South Africa and Turkey

Detailed Solution

Explanation:

  • The Group of Twenty (G20) comprises 19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom and United States) and the European Union.

  • The G20 members represent around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population. 

Therefore, option (1) is correct answer.

Subject: Economics | Economic Organisations and Conventions

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