BRICS Summit Flashcards

1
Q

Recently, Prime Minister of India attended the BRICS summit which was virtually hosted by China.

A

14th

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2
Q

Theme of the 14th BRICS Summit:

A

Foster High-quality BRICS Partnership, Usher in a New Era for Global Development.

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3
Q

BRICS countries

A

Brazil, Russia, India, China, and South Africa

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4
Q

In 2001, the British Economist _______ coined the term BRIC

A

Jim O’Neill

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5
Q

South Africa was invited to join BRIC in December______,

A

2010

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6
Q

The BRICS brings together five of the largest developing countries of the world, representing ____ of the global population, 24% of the global GDP and 16% of the global trade.

A

41%

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7
Q

During the Sixth BRICS Summit in Fortaleza (Brazil) in 2014, the leaders signed the Agreement establishing the ______(NDB - Shanghai, China).

A

New Development Bank

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8
Q

In ______, the BRICS governments had signed a treaty on the setting up of the contingent reserve arrangement

A

2014
The arrangement is aimed at forestalling short-term balance of payments pressures, provide mutual support and strengthen financial stability of the BRICS nations.

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9
Q

Remote Sensing constellation of satellites has been launched – with _______ satellites including 2 from India, 2 from China, 1 from Russia, and 1 Brazil-China collaboration

A

6

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