Q. With reference to the Group of Seven (G7), consider the following statements:
1.The G7 was formed in response to the global financial crisis of 2008.
2.The European Union is a participant in G7 summits.
3.India is a permanent member of the G7.
Which of the statements given above is/are correct?
Quarterly-SFG-Jan-to-March
Red Book

[A] 1, 2 and 3

[B] 1 and 2 only

[C] 2 only

[D] 2 and 3 only

Answer: C
Notes:

Explanation:

Statement 1 is incorrect: The G7 was founded in 1975 in response to the oil crisis, not the 2008 global financial crisis.

Statement 2 is correct: The European Union participates in G7 summits, although it is not a formal member.

Statement 3 is incorrect: India is not a permanent member of the G7, though it is occasionally invited as a guest.

Source- HT


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