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Consider the following statements regarding BRICS grouping.
1. Not all BRICS members are the members of G20.
2. New Development Bank (NDB) is a multilateral development bank operated by the BRICS countries with each country contributing equally to its equity.
Which of the above statements is/are correct?
  • a)
    1 only 
  • b)
    2 only 
  • c)
    Both 1 and 2 
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Consider the following statements regarding BRICSgrouping.1. Not all B...
BRICS is the acronym coined for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa.
The BRICS members are known for their significant influence on regional affairs; all are members of G20.
The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states. The initial subscribed capital of the bank was equally distributed among the founding members. The Agreement on the NDB specifies that every member will have one vote no one would have any veto powers.
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Consider the following statements regarding BRICSgrouping.1. Not all BRICS members are the members of G20.2. New Development Bank (NDB) is amultilateral development bankoperated by the BRICS countries with each country contributing equally to its equity.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements regarding BRICSgrouping.1. Not all BRICS members are the members of G20.2. New Development Bank (NDB) is amultilateral development bankoperated by the BRICS countries with each country contributing equally to its equity.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements regarding BRICSgrouping.1. Not all BRICS members are the members of G20.2. New Development Bank (NDB) is amultilateral development bankoperated by the BRICS countries with each country contributing equally to its equity.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding BRICSgrouping.1. Not all BRICS members are the members of G20.2. New Development Bank (NDB) is amultilateral development bankoperated by the BRICS countries with each country contributing equally to its equity.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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