Question

In which of the following year did South Africa joined BRIC?
1. 2009
2. 2010
3. 2011
4. 2012

Answer 1

Correct Answer - Option 3 : 2011

The correct answer is 2011.

• BRIC (Brazil, Russia, India, China) was originally formed in 2009.
• It is a group of emerging economies.
• The first summit of BRIC was held in Russia.
• South Africa joined BRIC in 2011 and then the group was named BRICS.
• The first summit of BRICS (After the joining of South Africa) was held in China.
• The chairman ship of the summit is carried out in rotation (B-R-I-C-S).
• BRICS countries account for nearly 40% of world population and 30% of world GDP.
• During the 6th BRICS summit, the agreement to form the "New Development bank" was approved.
• The HQs of NDB are located in Shanghai (China).