Q. With reference to Group of Twenty (G20) consider the following statements:
1.Geneva is the permanent secretariat of G20.
2.It works to address major issues such as climate change mitigation and sustainable development.
Which of the statements given above is/are correct?
Answer: B
Notes:
Statement 1: The statement is incorrect. The G20 Presidency rotates annually according to a system that ensures a regional balance over time. Reflecting its nature as an informal political forum, the G20 does not have a permanent secretariat. Instead, the G20 president is responsible for bringing together the G20 agenda in consultation with other members and in response to developments in the global economy.
Statement 2: The G20 or Group of Twenty is an intergovernmental forum comprising 19 countries and the European Union (EU). It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.
