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Read the following passage carefully and answer the questions given below it. Certain words are given in bold in the passage to help you locate them while answering some of the questions.<br> The G20, a group of 20 major economies of the word has come of age within a short period of two years as it adopted summit level <strong>format</strong> only in the year 2008. Perhaps, it is the only <strong> multilateral</strong> group which holds two summit meeting in a year. As it has emerged as a major global forum of most advanced countries to manage crisis ridden global financial and economic system, it is <strong> poised</strong> to replace the G8 club of eight rich countries. Also, it has the potential to emerge as a major, global forum for NorthSouth <strong> Dialogue</strong>, as both developed and developing countries are its members. The term 'North' denotes the developed countries, which are mostly located in the Northern hemisphere, whereas the term 'South' refers to the developing countries as they are largely located in the Southern hemisphere.< br> The economic and political might of the G20 is also noteworthy. Collectively, the total population of G20 countries is twothirds of the global population. The G20 economies comprise 85% of the global gross national product and 80% of the word trade. Geographically, the countries of G20 cover all continents of the globe. Thus in real sense, its nature and reach are global.<br> The<strong>fundamental</strong>purpose of G20 is to bring together systemically important industrialized and developing economies to discuss key issues in the global economy. Thus, it is a forum for cooperation and consultation on matters <strong> pertaining</strong> to the International Financial System. It conducts studies, reviews and promotes discussion among key developed and developing economies of key policy issues pertaining to the promotion of International Financial Stability and seeks to address such issues that are beyond the responsibility of one country or organization.
Which among the following is NOT true in the context of the passage?
Read the following passage carefully and answer the questions given below it. Certain words are given in bold in the passage to help you locate them while answering some of the questions.<br> The G20, a group of 20 major economies of the word has come of age within a short period of two years as it adopted summit level <strong>format</strong> only in the year 2008. Perhaps, it is the only <strong> multilateral</strong> group which holds two summit meeting in a year. As it has emerged as a major global forum of most advanced countries to manage crisis ridden global financial and economic system, it is <strong> poised</strong> to replace the G8 club of eight rich countries. Also, it has the potential to emerge as a major, global forum for North South <strong> Dialogue</strong>, as both developed and developing countries are its members. The term 'North' denotes the developed countries, which are mostly located in the Northern hemisphere, whereas the term 'South' refers to the developing countries as they are largely located in the Southern hemisphere.< br> The economic and political might of the G20 is also noteworthy. Collectively, the total population of G20 countries is two thirds of the global population. The G20 economies comprise 85% of the global gross national product and 80% of the word trade. Geographically, the countries of G20 cover all continents of the globe. Thus in real sense, its nature and reach are global.<br> The<strong>fundamental</strong>purpose of G20 is to bring together systemically important industrialized and developing economies to discuss key issues in the global economy. Thus, it is a forum for cooperation and consultation on matters <strong> pertaining</strong> to the International Financial System. It conducts studies, reviews and promotes discussion among key developed and developing economies of key policy issues pertaining to the promotion of International Financial Stability and seeks to address such issues that are beyond the responsibility of one country or organization.
G20 group meeting held two times in a year because
Read the following passage carefully and answer the questions given below it. Certain words are given in bold in the passage to help you locate them while answering some of the questions.<br> The G20, a group of 20 major economies of the word has come of age within a short period of two years as it adopted summit level <strong>format</strong> only in the year 2008. Perhaps, it is the only <strong> multilateral</strong> group which holds two summit meeting in a year. As it has emerged as a major global forum of most advanced countries to manage crisis ridden global financial and economic system, it is <strong> poised</strong> to replace the G8 club of eight rich countries. Also, it has the potential to emerge as a major, global forum for North South <strong> Dialogue</strong>, as both developed and developing countries are its members. The term 'North' denotes the developed countries, which are mostly located in the Northern hemisphere, whereas the term 'South' refers to the developing countries as they are largely located in the Southern hemisphere.< br> The economic and political might of the G20 is also noteworthy. Collectively, the total population of G20 countries is two thirds of the global population. The G20 economies comprise 85% of the global gross national product and 80% of the word trade. Geographically, the countries of G20 cover all continents of the globe. Thus in real sense, its nature and reach are global.<br> The<strong>fundamental</strong>purpose of G20 is to bring together systemically important industrialized and developing economies to discuss key issues in the global economy. Thus, it is a forum for cooperation and consultation on matters <strong> pertaining</strong> to the International Financial System. It conducts studies, reviews and promotes discussion among key developed and developing economies of key policy issues pertaining to the promotion of International Financial Stability and seeks to address such issues that are beyond the responsibility of one country or organization.
The fundamental purpose of G20 is to
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