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Q.

Choose that given statement is true/false:


G-77 was organised on June 15, 1921.


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a

True

b

False 

answer is B.

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Detailed Solution

The above statement is false.
G-77 established on June 15, 1964. The name G-77 or Group of 77 is referred to the seventy-seven individual countries who decided to sign this joint declaration as a conclusion to the United Nations Conference on Trade and Development in Geneva. The main objective of the G-77 was to maintain and protect the independence and sovereignty of developing countries. To establish a defensive wall against the economic injustice towards the member developing countries and set up equal level opportunities.
The correct statement would be G-77 established on June 15, 1964.
 
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