Q. With reference to Group of Seven (G7) countries consider the following statements:
1.It is a formal grouping of seven developing economies of the world.
2.The European Union is not part of the rotating annual presidency of the G7.
3.The G7 is a forum designed for frank and open discussion between leaders, ministers and policy-makers. 
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: B
Notes:

Explanation –

Statement 1 is incorrect. The G7 is an informal grouping of seven of the world’s advanced economies.

Statement 2 and 3 are correct. The European Union (EU) is a non-enumerated member of the G7 and is not a part of the rotating annual presidency. The G7 is a forum designed for frank and open discussion between leaders, ministers and policy-makers.

Source: ForumIAS

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