Q. Over the recent few years, the role of which of the following international organization has assumed a greater role even bigger to a crisis management body and sometimes even challenging the existence of the Bretton Woods brothers (World Bank and International Monetary Fund) ?
Answer: G-20
Notes: The correct answer is G-20. Established in 1999, the G-20 includes major economies that represent about 85% of global GDP. Its role expanded importantly during the 2008 financial crisis, positioning it as a key forum for international economic cooperation. Unlike the G-7, which consists of advanced economies, the G-20 includes emerging markets, enhancing its influence in global economic governance and crisis management, sometimes challenging the traditional dominance of the World Bank and IMF.