Q. Consider the following statements regarding “BRICS”:
1.It represents over 40% of the world’s population and accounts for 22% of global GDP.
2.All members’ countries of BRICS are G-20 members.
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: C
Notes:

Explanation: BRICS is an association of 5 major emerging national economies: Brazil, Russia, India, China and South Africa.

  • All five are G-20 members. It represents over 40% of the world’s population and accounts for 22% of global GDP.
  • Since 2009, the BRICS nations have met annually at formal summits. The recent 12th BRICS summit was hosted by Russia in 2020.

Source: FORUMIAS