The bloc BRICS was established in the year 2009. The founding members of the bloc are Brazil, Russia, India, China and south Africa. There have been 16 BRICS summits held.
credit goes to https://www.stimson.org/ for this image
The leaders of the bloc meat on yearly basis to discuss on a variety of topics including global economic recovery, engagement with Africa and the Global South, and progress on the BRICS agenda thus far.
It will be remarkable to mention here that the Prime Minister of India Shri Narender Modi gave new dimension the term of BRICS. He said during his address in the 15th BRICS Summit, which was hosted by South Africa on 23rd August 2023 that the BRICS is –
B stands for – Breaking barriers,
R stands for – Revitalising economies,
I stands for – Inspiring Innovation,
C stands for – Creating opportunities,
S stands for – Shaping the future.
Here is a set of MCQs with answers that will help the aspirant to crack any of the competitive exams.
Lets start the MCQ
01) When did the term BRIC was first used and by whom from the following options?
A) In the year 1937 by William Gosset
B)In the year 1946 by John Maynard Keynes
C) In the year 1962 by Ronald Aylmer Fisher
D) In the yaer 2001 by Jim O’Neill
Correct answer is option “D”
02) Which option is correct in concern of Jim O’Neill ?
A) He was a British economist.
B) He was a former chairman of Goldman Sachs Asset Management.
C) He was a former UK Treasury Minister.
D) All the above
Correct answer is option “D”
03) When did the first summit of BRICS was held and where?
A) In the year 2007 at India
B) In the year 2008 at China
C) In the year 2009 at Russia
D) in the year 2010 at South Africa
Correct answer is option “C”
04) In which year the name of “BRIC” had been changed to “BRICS” and why?
A) In the year 2009 when South Africa joined the bloc
B) In the year 2010 when South Africa joined the bloc
C) In the year 2009 when seven countries joined the bloc
D) In the year 2010 when seven countries joined the bloc
Correct answer is option “B”
05) What was the main purpose to establish BRICS?
A) to promote economic growth, development, and cooperation among its member countries
B) to promote financial help among its member countries
C) to promote governmental powers among its member countries
D) to promote defence protection among its member countries
Correct answer is option “A”
06) Upto the year 2024 how many summits have been held?
A) Fourteen
B) Fifteen
C) Sixteen
D) Seventeen
Correct answer is option “C”
07) The summit of BRICS to be held in July 2025 on which of the following member country?
A) India
B) Brazil
C) China
D) Russia
Correct answer is option “B”
08) How many times India has hosted the BRICS summit so far yet?
A) One time
B) Two times
C) Three times
D) Four times
Correct answer is option “C”
09) Roughly BRICS represents how many people of the world population from the following? It will be at about over 40% of the global population.
A) 1.3 billion
B) 2.3 billion
C) 3.3 billion
D) 4.3 billion
Correct answer is option “C”
10) If we talk about global gross domestic product based on purchasing power share parity of BRICS. it estimates at about what is the following percentage?
A) 37.3%
B) 27.3%
C) 47.3%
D) 17.3%
Correct answer is option “A”
11) What is the name of the Prime Minister of India who attended first summit of BRICS?
A) Shrimati Indira Gandhi
B) Shri Morarji Desai
C) Shri Man Mohan Singh
D) Shri Narendra Modi
Correct answer is option “C”
12) What was the theme of the 16th BRICS summit which was held at Kazan in Russia?
A) “Strengthening Multilateralism for Just Global Development and Security,”
B) “Strengthening Multidimensional for Global Development and Security,”
C) “Strengthening Multidimensional for Global Peace and Security,”
D) “Strengthening Multilateralism for Global Security Development and Food Security,”
Correct answer is option “A”
13) How many countries joined as member in 16th BRICS summit and called BRICS Plus members?
A) One
B) Two
C) Three
D) Four
Correct answer is option “D”
14) Which option is correct for the name of the countries who joined as member in 16th BRICS summit?
A) Egypt, Ethiopia, Iran, and the United Arab Emirates
B) Egypt, Ethiopia, Iraq, and the United Arab Emirates
C) Egypt, Ethiopia, Syria, and the United Arab Emirates
D) Egypt, Ecuador, Iran, and the United Arab Emirates
Correct answer is option ” A”
15) Which of the following country sent a letter to all BRICS leaders officially declining the invitation to join the bloc in 2023?
A) Saudi Arabia
B) Argentina
C) Ethiopia
D) Egypt
Correct answer is option “B”
16) What is the name of the country who withdrew his application to became the member of BRICS in 2022?
A) Egypt,
B) Ethiopia,
C) United Arab Emirates
D) Algeria
Correct answer is option “D”
17) What is the name of the country who join in 2025 as BRICS Plus Member?
A) Saudi Arabia
B) Argentina
C) Ethiopia
D) Indonesia
Correct answer is option “D”
18) What will the number of BRICS Plus members in 2025 when Indonesia join the bloc?
A) Three
B) Four
C) Five
D) Six
Correct answer is option “C”
19) How many partner countries who joined BRICS in 2023 summit held at South Africa?
A) 3
B) 4
C) 2
D) 6
Correct answer is option “A”
20) Which option from the following is not correct the name of the country who was not became the partner member of BRICS in 2023?
A) Belarus
B) Bolivia
C) Kazakhstan
D) Cuba
Correct answer is option “C”
21) How many more partner countries joined BRICS in 2024 in 16th summit which was held at Russia?
A) 3
B) 4
C) 2
D) 6
Correct answer is option “D”
22) Which option from the following is correct with the name of the countries who has not joined BRICS as partner member of BRICS in 16th summit of BRICS held in Russia in 2024?
A) Kazakhstan, Malaysia, Nigeria, Thailand, Myanmar and Belarus
B) Bolivia, Kazakhstan, Malaysia, Thailand, Myanmar and Uzbekistan
C) Kazakhstan, Malaysia, Nigeria, Thailand, Myanmar and Uzbekistan
D) Kazakhstan, Malaysia, Nigeria, Thailand, Cuba and Uzbekistan
Correct answer is option “C”
23) What is the Financial architecture of BRICS?
A) The group is dominated by China
B) The group is dominated by Russia
C) The group is dominated by India
D) The group is dominated by Brazil
Correct answer is option “A”
24) Which of following member has the largest share of the GDP of BRICS, accounting to about 70% of the organization total?
A) India
B) China
C) Russia
D) South Africa
Correct answer is option “B”
25) The financial architecture of BRICS is made of __________.
A) The New Development Bank (NDB)
B) The Contingent Reserve Arrangement (CRA)
C) Both
D) Only option A
Correct answer is option “C”
26) The components of The New Development Bank (NDB) and The Contingent Reserve Arrangement (CRA) were signed into a treaty in 2014 which was became active in which of the following year?
A) 2014
B) 2015
C) 2016
D) 2017
Correct answer is option “B”
27) The New Development Bank (NDB) which is formally referred to as the BRICS Development Bank is a multilateral development bank operated by whom of the following?
A) By the founding members of the BRICS
B) By the BRICS plus members
C) By the partner members of the BRICS
D) By the largest share holder of the GDP of BRICS
Correct answer is option “A”
28) The New Development Bank (NDB) has started with capital of how much billion dollars?
A) 10
B) 25
C) 50
D) 100
Correct answer is option “C”
29) BRICS Contingent Reserve Arrangement was established in which of the following year by the BRICS countries and its legal basis was formed by a Treaty signed in the year 2014?
A) 2013
B) 2014
C) 2015
D) 2016
Correct answer is option “C”
30) What is the correct statement about the framework of The BRICS Contingent Reserve Arrangement (CRA) from the following options?
A) Provide protection against global terrorism
B) Provide protection towards global security
C) Provide protection against global unemployment pressures
D) Provide protection against global liquidity pressures
Correct answer is option “D”
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All the best for a Bright Future
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