BRICS Organization Mcqs 21- Which economist first predicted the rise of BRIC economies? A. Paul KrugmanB. Jim O’Neill C. Joseph StiglitzD. Amartya Sen View Answer Answer : B. Jim O’Neill Description 22- The BRICS New Development Bank (NDB) was formally established in: A. 2010B. 2012C. 2015D. 2018 View Answer Answer : C. 2015 Description 23- The BRICS Contingent Reserve Arrangement (CRA) was signed to: A. Fund cultural projectsB. Create a common currencyC. Facilitate military cooperationD. Provide liquidity support for member economies View Answer Answer : D. Provide liquidity support for member economies Description 24- Which country is the largest contributor to the BRICS NDB capital? A. BrazilB. IndiaC. ChinaD. Russia View Answer Answer : C. China Description 25- Which BRICS summit introduced the concept of “BRICS Plus” for global outreach? A. 2015B. 2018C. 2020D. 2023 View Answer Answer : D. 2023 Description 26- Which BRICS member is the largest in land area? A. ChinaB. IndiaC. RussiaD. Brazil View Answer Answer : C. Russia Description 27- Which BRICS country has the largest population? A. ChinaB. IndiaC. RussiaD. Brazil View Answer Answer : A. China Description 28- The annual BRICS summit is hosted by: A. Each member country in rotationB. Only ChinaC. Only BrazilD. Only Russia View Answer Answer : A. Each member country in rotation Description 29- BRICS nations aim to enhance cooperation in: A. Trade and investmentB. Science and technologyC. Culture and healthD. All of the above View Answer Answer : D. All of the above Description 30- The BRICS leaders’ 2014 summit was hosted by: A. BrazilB. RussiaC. IndiaD. South Africa View Answer Answer : A. Brazil Description 31- The BRICS Plus initiative is aimed at: A. Merging currenciesB. Engaging with non-member emerging economiesC. Expanding military alliancesD. Creating a joint space program View Answer Answer : B. Engaging with non-member emerging economies Description 32- Which BRICS member proposed the establishment of the NDB? A. RussiaB. ChinaC. IndiaD. Brazil View Answer Answer : B. China Description 33- Which BRICS member is the top oil exporter among the group? A. South AfricaB. RussiaC. IndiaD. China View Answer Answer : B. Russia Description 34- The idea of BRIC was first proposed in which year? A. 1999B. 2001C. 2005D. 2008 View Answer Answer : B. 2001 Description 35- The BRICS leaders’ 2017 summit was hosted by: A. IndiaB. BrazilC. ChinaD. Russia View Answer Answer : D. Russia Description 36- Which BRICS member has the largest foreign exchange reserves? A. ChinaB. RussiaC. BrazilD. India View Answer Answer : A. China Description 37- Which BRICS member hosts the BRICS Business Council Secretariat? A. RussiaB. BrazilC. IndiaD. China View Answer Answer : C. India Description 38- Which BRICS summit introduced the annual financial cooperation roadmap? A. 2012B. 2014C. 2015D. 2018 View Answer Answer : C. 2015 Description 39- BRICS collectively represents roughly what percentage of the world’s GDP at nominal values? A. 10%B. 15%C. 30%D. 50% View Answer Answer : B. 15% Description 40- The main headquarters of BRICS New Development Bank is in: A. MoscowB. BeijingC. MumbaiD. Shanghai View Answer Answer : D. Shanghai Description 1 2 3
