The Group of Twenty (G 20) brings together the twenty largest economies of the world and they are represented at its meetings by which of the following?

Difficulty: Easy

Correct Answer: Finance Ministers and Central Bank Governors

Explanation:


Introduction / Context:

This item checks awareness of key international economic groupings. The Group of Twenty, commonly called G 20, plays an important role in global economic coordination and financial stability. Knowing who officially represents member economies at G 20 meetings is a standard general awareness requirement in many competitive exams, especially those that include international organisations and economic institutions as a topic.



Given Data / Assumptions:

• The organisation in focus is the Group of Twenty (G 20). • The question asks who represents the member economies in this forum. • The options contrast prime ministers, finance ministers, central bank governors, and heads of states.


Concept / Approach:

The core idea is that the G 20 originally evolved as a meeting of finance ministers and central bank governors from the world's major economies. While there are now G 20 summits where heads of state or government also meet, the basic institutional description used in exam oriented material highlights the finance ministers and central bank governors as the official representatives of the member economies in the group. Therefore, we must choose the option that includes both these roles.



Step-by-Step Solution:

Step 1: Recall the full form of G 20, which stands for Group of Twenty major economies. Step 2: Remember that the group emerged from meetings of finance ministers and central bank governors to discuss international financial and economic issues. Step 3: Note that although heads of state attend high level summits, the classical exam definition emphasises finance ministers and central bank governors as the core representatives. Step 4: Compare the options and locate the one that explicitly mentions both finance ministers and central bank governors. Step 5: Select the option stating finance ministers and central bank governors as the correct answer.


Verification / Alternative check:

A quick verification method is to recall typical headings used in news reports, such as G 20 meeting of finance ministers and central bank governors. These headlines are common whenever the group discusses global growth, financial regulation, or crisis responses. References to a prime ministers only or heads of states only forum do not match the classic description. This mental cross check helps confirm the correct option.



Why Other Options Are Wrong:

Prime Ministers only: G 20 is not limited to prime ministers and includes presidents and other forms of heads of government, so this wording is inaccurate.

Finance Ministers only: Central bank governors also participate in G 20 economic and financial discussions, so this option is incomplete.

Heads of States: Heads of state or government may attend G 20 summits, but the institutional definition used in most textbooks emphasises finance ministers and central bank governors.



Common Pitfalls:

Learners often focus only on summit level news where presidents or prime ministers appear prominently and therefore assume that heads of state are the formal representatives. Another confusion arises between a political leaders summit and the ongoing institutional work of finance ministries and central banks. Carefully remembering the original purpose of the G 20 as a financial policy forum helps avoid these errors.



Final Answer:

The correct answer is Finance Ministers and Central Bank Governors.


Discussion & Comments

No comments yet. Be the first to comment!
Join Discussion