International Current Affairs MCQs

The International Monetary Fund (IMF) is central to promoting global monetary cooperation, securing financial stability, facilitating international trade, promoting high employment and sustainable economic growth, and reducing poverty around the world, aligning closely with G20's goals for economic stability.

India's G20 Presidency in 2023 adopted the theme "Vasudhaiva Kutumbakam" or "One Earth, One Family, One Future," emphasizing interconnectedness and collective action.

The G20 presidency rotates among members. After Brazil (2024) and South Africa (2025), the United States is scheduled to host the G20 Summit in 2026. India hosted in 2023.

The meeting highlighted the massive funding gap for renewable energy projects in the Global South to meet 2030 climate targets.

The Loss and Damage Fund was a central topic, with nations pledging to operationalize it more effectively to assist vulnerable countries.

The NCQG is intended to replace the previous $100 billion annual goal, providing a more robust financial framework for climate action in developing countries.

The roadmap focuses on enhancing intelligence sharing, counter-terrorism cooperation, and maritime security in the Indian Ocean Region.

The joint statement highlighted progress in the co-development of jet engine technology for India's indigenous fighter aircraft programs.

The dialogue reaffirmed the commitment to a free, open, and inclusive Indo-Pacific, focusing on maritime security and domain awareness.

Article 108 of the UN Charter deals with the procedure for amendments, which is essential for any reform of the Security Council.