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Current Affairs

Second G20 FMCBG Meeting

Current Context: Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman attended the virtual meeting of the 2nd G20 Finance Ministers and Central Bank Governors 
Second G20 FMCBG Meeting
(FMCBG). It was held under the presidency of Saudi Arabia who prepared the G20 Action Plan in response to COVID-19.
  • Main moto: Discussion of global economic outlook which has declined due to COVID-19
  • The Action Plan was prepared by Saudi Arabia was with an aim to protect lives, safeguard jobs and incomes. It also included measures to restore confidence, preserve financial stability, revive growth and recover stronger.
  • From India, Finance Minister highlighted the role of Finance Ministers and Central Bank Governors in safeguarding the lives and livelihood of people while maintaining macroeconomic stability in a sustainable manner. She stated that India has granted a financial support $3.9 billion to more than 320 million people on direct benefit transfer through digital technology so that the exposure of beneficiaries to public places is minimized.

Question:

Q.1 From India, which minister attended the virtual meeting of the 2nd G20 Finance Ministers and Central Bank Governors (FMCBG)?
a. Piyush Goyal
b. Amit Shah
c. Nirmala Sitharaman
d. SubrahmanyamJaishankar
Second G20 FMCBG Meeting Second G20 FMCBG Meeting Reviewed by Neha Verma on April 17, 2020 Rating: 5

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