{"id":2337,"date":"2024-05-01T18:04:07","date_gmt":"2024-05-01T12:34:07","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=2337"},"modified":"2024-05-01T18:05:15","modified_gmt":"2024-05-01T12:35:15","slug":"q-with-reference-to-a-grouping-of-countries-known-as-brics-consider-the-following-statements","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-with-reference-to-a-grouping-of-countries-known-as-brics-consider-the-following-statements","title":{"rendered":"Q. With reference to a grouping of countries known as BRICS, consider the following statements:"},"content":{"rendered":"\n
    \n
  1. The\u00a0First Summit\u00a0<\/strong>of BRICS was held in Rio de Janeiro in 2009.<\/li>\n\n\n\n
  2. South Africa was the last to join the BRICS grouping.<\/li>\n<\/ol>\n\n\n\n

    Which of the statements given above is \/ are correct?<\/p>\n\n\n\n

      \n
    • 1 only<\/li>\n\n\n\n
    • 2 only<\/li>\n\n\n\n
    • Both 1 and 2<\/li>\n\n\n\n
    • Neither 1 nor 2<\/li>\n<\/ul>\n\n\n\n
      \n

      Answer: (b) 2 only<\/strong><\/p>\n<\/blockquote>\n\n\n\n

      Notes:<\/h5>\n\n\n\n
        \n
      • In a 2001 research paper that highlighted the growth potential of\u00a0Brazil, Russia, India, and China<\/strong>, then-Goldman Sachs chief economist Jim O\u2019Neill introduced the acronym\u00a0BRIC<\/strong>, which at first did not include South Africa.<\/li>\n\n\n\n
      • The\u00a0BRICS group<\/strong>, which encompasses\u00a0Brazil, Russia, India, China and South Africa,\u00a0<\/strong>represents a quarter of the world\u2019s economy and about\u00a040 per cent of the world\u2019s population<\/strong>\u00a0and has increasingly sought to be a counterweight to the dominance of Western-led forums like the Group of 7 and the World Bank.<\/li>\n\n\n\n
      • The grouping was first informally formed during a meeting of the leaders of BRIC (Brazil, Russia, India, and China) countries on the sidelines of the\u00a0G8 Outreach Summit in St.Petersburg, Russia, in 2006.<\/strong>\u00a0Later that year, it was formalised during the\u00a01st BRIC Foreign Ministers\u2019 Meeting in\u00a0New York.<\/strong>\n
          \n
        • 2009<\/strong>: The\u00a0first BRIC<\/strong>\u00a0(BRICS minus South Africa) summit was held in\u00a0Yekaterinburg<\/strong>,\u00a0Russia<\/strong>.<\/li>\n\n\n\n
        • 2010<\/strong>:\u00a0South Africa<\/strong>\u00a0was accepted as a full member, and the group became BRICS.\u00a0<\/li>\n\n\n\n
        • 2011<\/strong>:\u00a0South Africa<\/strong>\u00a0attended its first BRICS summit in\u00a0China<\/strong>.<\/li>\n\n\n\n
        • 2014<\/strong>: The\u00a0Fortaleza Declaration<\/strong>\u00a0was adopted at the 6th BRICS Summit, and it marked the establishment of the New Development Bank (NDB).<\/li>\n\n\n\n
        • 2015<\/strong>: The\u00a0Ufa Declaration<\/strong>\u00a0of BRICS was adopted at the 7th BRICS Summit held in Ufa, Russia. It covers a range of topics, including global governance, international security, and economic cooperation.<\/li>\n\n\n\n
        • 2021<\/strong>: The 13th BRICS Summit was held under\u00a0India\u2019s Chairship\u00a0<\/strong>(virtual summit). It was the third time that India hosted the BRICS Summit after\u00a02012<\/strong>\u00a0and\u00a02016<\/strong>.<\/li>\n\n\n\n
        • 2022<\/strong>: The\u00a0Beijing Declaration<\/strong>\u00a0was adopted at the 14th BRICS Summit,<\/strong>\u00a0where it was declared that the BRICS countries support talks between\u00a0Russia and Ukraine<\/strong>.\n
            \n
          • Also, cooperation in the fight against\u00a0COVID-19<\/strong>, digital transformation, resilience and stability of industrial and supply chains, and low-carbon development.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

            Which of the statements given above is \/ are correct? Answer: (b) 2 only Notes:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[47],"years":[59],"class_list":["post-2337","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-international-relations","years-59"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":47,"label":"International Relations"}],"years":[{"value":59,"label":"2014"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":47,"name":"International Relations","slug":"international-relations","term_group":0,"term_taxonomy_id":47,"taxonomy":"post_tag","description":"","parent":0,"count":79,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/2337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=2337"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/2337\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=2337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=2337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=2337"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=2337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}