Q. Consider the following statements regarding BASIC group:
1. The member countries of the group consist of India, Brazil, South Korea and China.
2. The main objective of the group is to promote industrialization.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: D
Notes:

The BASIC group was formed as the result of an agreement signed by the four countries on November 28, 2009.  

  • They are a bloc of four large newly industrialized countries – Brazil, South Africa, India and China. 
  • The main objective of the BASIC group is to have a broadly common position on reducing greenhouse gas emissions and raising the massive funds that are needed to fight climate change. 

Source: ForumIAS