January

Question 1

Which countries recently joined BRICS?

Answer 1

In a significant development on January 1, Saudi Arabia, Egypt, the United Arab Emirates, Iran, and Ethiopia officially joined the BRICS group, expanding its membership to ten nations.

Question 2

Which country was initially invited, but chose not to join BRICS?

Answer 2

Argentina

Question 3

What is BRICS’ current population and net worth?

Answer 3

The newly enlarged BRICS now boasts a combined population of 3.5 billion and an economy exceeding $28.5tn, constituting around 28% of the global economy.

Question 4

Where was the BRICS expansion initially set to occur?

Answer 4

The expansion, initially set to occur during the 15th BRICS summit in August 2023 in Johannesburg, South Africa, aims to enhance the group’s influence on the global stage.

Question 5

Who is the current chairman of the Sixteenth Finance Commission?

Answer 5

Arvind Panagariya