Question

In which year ‘BRIC’ grouping was formed as ‘BRICS’?
1. 2010
2. 2015
3. 2009
4. 2012

Answer 1

Correct Answer - Option 1 : 2010

The correct answer is

• BRICS-Brazil, Russia, India, China, and South Africa.
• BRIC was founded in 2006 and later, in 2010, South Africa was included and it became BRICS.
• After a series of high-level meetings, the 1st BRIC summit was held in Yekaterinburg, Russia on 16 June 2009.
• Bilateral relations among BRICS states are conducted mainly based on non-interference, equality, and mutual benefit.
• The New Development Bank set up by the BRICS group of nations has admitted the United Arab Emirates, Uruguay and Bangladesh as the first batch of new members as part of its expansion drive.
• The Headquarters of the BRICS is in Shanghai, China.