Read the following passage and answer the questions The group of twenty or G20 has of late emerged as a very premier forum for international cooperation. The significance of it arises from the fact that its members are the world's advanced and emerging economies. These G20 members altogether represents about 85% of the global GDP, 80% of global trade and two-thirds of the world's population. The G20 originated to overcome the financial crisis that occurred in 1990s in the emerging economies of Asia. This organization is broadly representative and inclusive as the G20 chair has been made rotational annually and a member from different regional grouping of countries is elected to its presidency. Since its beginning, India has actively participated in the G20 process. India is a major stakeholder and also interested in the stability of the world economy. Due to India's support during the Seoul summit development was included as an agenda item and the Seoul Development consensus also emerged. India's interest in G20 has imparted dimension and credibility to G20 deliberation. India's successful organization of G20 summit in New Delhi recently has again ignited hopes for the establishment of a framework for strong, sustainable and balanced growth and an alternative world order.
Which of the following is the objective of G20
International cooperation
Understanding the G20's Primary Objective
The question asks about the main objective of the G20 forum based on the provided passage. To find the answer, we need to carefully read the text and identify what the passage says the G20 is primarily intended for.
The passage introduces the G20 by stating:
The group of twenty or G20 has of late emerged as a very premier forum for international cooperation.
This sentence directly highlights the key role and objective of the G20. It is described as a "premier forum for international cooperation."
Let's look at the options provided and see which one aligns with this statement from the passage:
- International cooperation
- Regional cooperation
- Sectoral cooperation
- Cooperation with the powers on political matters
Comparing the options with the passage, the first option, "International cooperation," perfectly matches the description given in the text. The passage emphasizes the G20's role as a forum for cooperation on an international level, involving major advanced and emerging economies from around the world.
Let's consider why the other options are not the primary objective as stated in the passage:
- Regional cooperation: The G20 includes members from various regions across the globe (representing two-thirds of the world's population), not just one specific region. Thus, its focus is broader than regional cooperation.
- Sectoral cooperation: While the G20 addresses various sectors like finance, development, and trade, the passage describes it as a forum for general "international cooperation," which is a broader concept than just sectoral cooperation.
- Cooperation with the powers on political matters: The passage mentions that the G20 originated to overcome financial crises and discusses economic aspects like GDP, trade, and growth frameworks. While political discussions might occur, the passage explicitly defines its role as a forum for "international cooperation," without limiting it strictly to political matters or just "powers."
Therefore, based on the clear statement in the passage, the main objective of the G20 is international cooperation.
Analysis of Options
| Option | Analysis based on Passage |
|---|---|
| 1. International cooperation | Directly supported by the passage stating G20 is a "premier forum for international cooperation". |
| 2. Regional cooperation | Incorrect. G20 includes countries from multiple regions globally. |
| 3. Sectoral cooperation | Incorrect. While G20 deals with sectors, the passage describes its objective as broad "international cooperation". |
| 4. Cooperation with the powers on political matters | Incorrect. Passage focuses on economic significance and overall international cooperation, not limited to specific powers or only political matters. |
Conclusion on G20 Objective
The passage clearly identifies the G20 as a primary forum for international cooperation. This objective underpins its activities, which involve major global economies working together on various issues of international significance, particularly economic stability and growth.
Revision Table: Key G20 Facts from Passage
| Aspect | Description based on Passage |
|---|---|
| Nature | Premier forum for international cooperation |
| Membership | World's advanced and emerging economies |
| Global Representation | ~85% global GDP, ~80% global trade, 2/3 world population |
| Origin | To overcome financial crisis in 1990s in emerging Asian economies |
| Chairmanship | Rotational annually from different regional groupings |
| India's Role | Actively participated, major stakeholder, interested in world economy stability, supported development agenda, imparted dimension and credibility to deliberations, successfully organized summit. |
Additional Information on G20 Cooperation
The concept of international cooperation within the G20 framework is broad. It covers a range of global economic and financial issues. While its origin was rooted in financial crises, its agenda has expanded over time to include other areas critical for global stability and sustainable development. The forum allows leaders from major economies to discuss coordinated approaches to shared challenges like climate change, health crises, trade issues, and development gaps. This highlights how "international cooperation" is the overarching theme enabling action on these specific areas. India's participation and initiatives, such as including development as a key agenda item, demonstrate the practical application of this international cooperation objective.
Important Questions from International Relations
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