Q. With reference to G-20 consider the following statements:
1.The G20 Summit is held annually under a rotating presidency.
2.The G20 presidency does not come with any formal powers.
3.Its secretariat is located in Geneva, Switzerland.
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: A
Notes:

Statement 1 and 2 are correct. The G20 Summit is held annually under a rotating presidency. The G20 presidency does not come with any formal powers except from hosting the summit and setting the theme.

Statement 3 is incorrect. The G-20 group does not have a permanent secretariat.

Source: The Hindu