G20, BRICS, SCO & QUAD — Set 1
International Relations · G20, BRICS, SCO और QUAD · Questions 1–10 of 160
The G20 (Group of Twenty) was established in which year?
Correct Answer: B. 1999
The G20 was established in 1999 at the level of Finance Ministers and Central Bank Governors following the 1997-98 Asian Financial Crisis. It was elevated to a Leaders' Summit level in 2008 in response to the global financial crisis. The G20 represents approximately 85% of world GDP and 75% of global trade.
The first G20 Leaders' Summit was held in which city?
Correct Answer: B. Washington DC
The first G20 Leaders' Summit was held in Washington DC, USA on 14-15 November 2008, convened to address the global financial crisis. The summit produced a commitment to reform the financial regulatory system. George W. Bush hosted the inaugural summit.
India hosted the G20 Summit in 2023. Which city was the venue?
Correct Answer: C. New Delhi
India hosted the G20 Summit in New Delhi on 9-10 September 2023 under the theme 'Vasudhaiva Kutumbakam' (One Earth, One Family, One Future). PM Modi chaired the summit. A major achievement was the inclusion of the African Union as a permanent G20 member.
What was the theme of India's G20 Presidency (2022-2023)?
Correct Answer: B. One Earth, One Family, One Future
India's G20 Presidency theme was 'Vasudhaiva Kutumbakam' — meaning 'One Earth, One Family, One Future,' drawn from the Maha Upanishad. The theme emphasized India's civilizational ethos of global well-being. India held over 200 meetings in 60+ cities across India during its presidency.
Which new permanent member was added to the G20 during India's 2023 presidency?
Correct Answer: C. African Union
The African Union (AU) was admitted as a permanent member of G20 during India's presidency at the New Delhi Summit in September 2023. The AU represents 55 African nations. This was a diplomatic achievement that India facilitated, giving Africa greater voice in global governance.
BRICS was originally known as BRIC. Which country joined last to make it BRICS?
Correct Answer: D. South Africa
BRICS was originally BRIC (Brazil, Russia, India, China), coined by Goldman Sachs economist Jim O'Neill in 2001. South Africa joined in 2010, making it BRICS. The term 'BRICs' was first used in O'Neill's paper 'Building Better Global Economic BRICs.'
Jim O'Neill coined the term 'BRIC' while working for which investment bank?
Correct Answer: B. Goldman Sachs
Jim O'Neill coined the term 'BRICs' in his 2001 paper 'Building Better Global Economic BRICs' while working as chief economist at Goldman Sachs. The term grouped Brazil, Russia, India, and China as the world's fastest-growing major economies. BRIC became a formal group in 2009 with the first BRIC Summit in Yekaterinburg.
The first formal BRIC Summit was held in which city in 2009?
Correct Answer: C. Yekaterinburg
The first formal BRIC Summit was held in Yekaterinburg, Russia on 16 June 2009. It was attended by leaders of Brazil, Russia, India, and China. The summit issued a joint statement calling for reform of the global financial system and a multi-polar world order.
The BRICS New Development Bank (NDB) was established in which year?
Correct Answer: B. 2014
The BRICS New Development Bank (NDB) was established at the Fortaleza Summit in Brazil in 2014, with formal operations beginning in 2015. NDB provides financing for sustainable development projects in BRICS and developing countries. The NDB's headquarters are in Shanghai, China.
Where is the headquarters of the BRICS New Development Bank (NDB)?
Correct Answer: D. Shanghai
The BRICS New Development Bank (NDB) is headquartered in Shanghai, China. It began operations in 2015 with an initial authorized capital of $100 billion. India's Kundapur Vaman Kamath was the first President of NDB (2015-2020).