G20 and International Economic Trends MCQs are a must for CSS candidates intending to study International Economy, Global Organizations, and Financial Policies. The G20 (Group of Twenty) is a prominent international platform with 19 nations and the European Union as members, accounting for 85% of world GDP and 75% of world trade. It holds significant influence on global economic policy, financial stability, and trading rules. It is important for CSS candidates to understand G20’s contribution to economic governance and its influence on global financial trends.
H2: G20’s Role in Global Economic Stability
The G20 deals with economic development, financial norms, and managing crises, especially in the aftermath of the 2008 Global Financial Crisis. It is involved in dealing with trade policy, climate change financing, the digital economy, and debt relief to developing countries. Major members such as the USA, China, India, and the EU set global economic policy, determining foreign investments, inflation levels, and sustainable development strategy.
H3: Challenges and Future of Global Economic Trends
Despite its impact, the G20 has challenges such as trade wars, economic disparity, and climate change funding. Global inflation, supply chain interruptions, and financial crises need to be addressed with coordinated policy measures. Future economic patterns are being led by the spread of digital currencies, AI-based economies, and green finance moves. CSS aspirants can master MCQs and free flashcards on G20 and Global Economic Trends to acquaint themselves with global economic policies, financial regulation, and new economic challenges.
Which year was the G20 officially established?
a) 1995
b) 1999
c) 2002
d) 2005
What is the primary objective of the G20?
a) Military cooperation
b) Global economic stability
c) Space exploration
d) Climate change policies
Which country hosted the G20 Summit in 2023?
a) Indonesia
b) Italy
c) India
d) Germany
Which financial institution is often involved in G20 discussions?
a) United Nations
b) World Health Organization
c) International Monetary Fund
d) Amnesty International
Which country was added as a permanent member of the G20 in 2023?
a) Egypt
b) South Africa
c) Saudi Arabia
d) African Union
Which of the following is NOT a G20 member?
a) Argentina
b) Singapore
c) Brazil
d) South Korea
Which major topic was discussed at the G20 Summit in 2022?
a) Cryptocurrency regulations
b) Space tourism
c) Agricultural subsidies
d) Olympic Games
What was the global GDP growth rate in 2022?
a) 2.9%
b) 3.5%
c) 4.2%
d) 5.1%
Which global economic trend is often discussed at G20 Summits?
a) Trade policies
b) Cybersecurity
c) Space research
d) Medical tourism
Which of these is a major global economic challenge?
a) Declining oil prices
b) Increasing space travel
c) Rising e-commerce
d) Growth of social media
Which region experienced the highest economic growth in 2023?
a) North America
b) Europe
c) Asia-Pacific
d) South America
Which country has the largest economy in the G20?
a) China
b) United States
c) Germany
d) Japan
Which country is the largest contributor to global GDP?
a) United States
b) China
c) Japan
d) Germany
Which sector is expected to drive future global economic growth?
a) Manufacturing
b) Renewable energy
c) Coal mining
d) Paper industry
Which G20 country has the highest inflation rate in recent years?
a) Japan
b) Brazil
c) Argentina
d) Canada
What is the primary purpose of the G20 Summit?
a) Addressing economic issues
b) Signing peace treaties
c) Conducting military exercises
d) Regulating international sports
Which economic policy is often debated at G20 meetings?
a) Universal basic income
b) Import tariffs
c) Space colonization
d) AI ethics
Which country has the fastest-growing economy in the G20?
a) India
b) Germany
c) United Kingdom
d) Japan
Which international crisis had a significant impact on global economic trends?
a) COVID-19 pandemic
b) 2010 FIFA World Cup
c) Brexit referendum
d) Bitcoin launch
Which sector has shown the most resilience during economic recessions?
a) E-commerce
b) Real estate
c) Automobile industry
d) Tourism
Which G20 country has the lowest debt-to-GDP ratio?
a) Japan
b) Russia
c) United States
d) France
Which currency is most commonly used in global trade?
a) Chinese Yuan
b) Euro
c) US Dollar
d) Japanese Yen
Which economic trend is influencing global job markets?
a) Artificial Intelligence
b) Gold mining
c) Declining literacy rates
d) Growth of fax machines
Which G20 country leads in renewable energy production?
a) Saudi Arabia
b) Germany
c) Brazil
d) Canada
Which of these is a key factor in global economic instability?
a) High inflation rates
b) Increasing foreign investments
c) Stable currency values
d) Sustainable GDP growth
Which international trade agreement impacts G20 economies?
a) NAFTA
b) FIFA World Cup sponsorship
c) Universal Postal Union
d) Antarctic Treaty
Which country is the world’s largest oil exporter, influencing global economic trends?
a) Russia
b) Canada
c) Saudi Arabia
d) United States
Which G20 country has the most billionaires?
a) China
b) Germany
c) United Kingdom
d) France
Which major event caused a global recession in 2008?
a) Dot-com bubble
b) Global financial crisis
c) Great Depression
d) Asian financial crisis
Which economic indicator is closely monitored to assess global economic health?
a) Unemployment rate
b) Birth rate
c) Space missions
d) Music industry revenue
