G20 THINQ
Source: PIB
General Topic
Overview
- News in Brief
- About G20 THINQ
Why in the News?
The Indian Navy and NWWA (Navy Wellness and Welfare Association) have, over the years, been conducting a quiz competition for school children as part of Navy Week activities
News in Brief
- The Indian Navy Quiz – THINQ, the 2023 edition of the quiz has acquired global reach, riding on the partnership and support it has received from the G20 Secretariat in a year that marks India’s presidency of the prestigious G20.
- The event is also being called the G20 THINQ.
- National Round of the G20 THINQ saw a record number of 11,741 schools registering for it.
About G20 THINQ
- The event is being conducted at two levels, national and international, and in two locations – in Mumbai and New Delhi.
- The first elimination round (ER1) was completed on 14 Sep 23 with 3902 schools qualifying for the next level, ER2.
- ER2 was conducted on 03 Oct 23 with a total of 1674 qualifying for the quarter-finals conducted on 10 Oct 23.
- The quarter-finals, the selection of the following 16 schools that will match wits against each other over the semifinals.
- Participating students will also get the opportunity to meet and interact with naval personnel in uniform.
- A jury will identity two best quizzers from amongst all finalists to form “Team India” for participation in the international round at India Gate.
- For the international round, invitations were extended to all G20+09 nations.
What is G20 or Group of Twenty?
- The G20 was founded in 1999 with the aim of examining methods to guarantee financial stability around the world.
- It is an intergovernmental body comprised of the European Union (EU) and 19 other nations.
- Argentina, Australia, Brazil, Canada, China, France, Germany, Greece, Italy, Japan, Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States are the other members of the G20.
- The G-20 works to advance international commerce, financial market regulation, and overall economic growth.
- Although it is not a legislative body, its deliberations impact the monetary policies of all its members.
- G20 is the foremost forum for global economic cooperation because its members collectively represent 85% of the world’s GDP, 75% of its trade, and 2/3 of its population.
- The G20 currently comprises of Finance Track with 8 work streams, Sherpa Track with 12 work streams and 10 Engagement Groups of private sector/civil society/independent bodies.
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