HomeMock TestState PCSRailwaySSCHSSCDSSSBRO/AROUPSC

International Organizations (Part – IV)

📆 October 23, 2024

Total Questions: 50

21. Which of the following is not one of the BRICS countries? [M.P.P.C.S. (Pre) 2016]

Correct Answer: (d) Canada
Solution:BRICS, is the acronym coined to associate five major emerging economies: Brazil, Russia, India, China and South Africa. The BRICS member are known for their significant influence on regional affairs. Originally the first four were grouped as "BRIC" (or "the BRICs") before the induction of South Africa in 2010.

The leaders of BRIC (Brazil, Russia, India, and China) countries met for the first time in St. Petersburg, Russia, on the margins of G8 Outreach Summit in July 2006. Shortly afterwards, in September 2006, the group was formalised as BRIC during the 1 BRIC Foreign Ministers' meeting, which met on the sidelines of the General Debate of the UN Assembly in New York City. After a series of high level meetings, the 1 BRIC summit was held in Yekaterinburg, Russia on 16th June, 2009. Since 2009, the governments of the BRICS States have met annually at formal summits.

BRIC group was renamed as BRICS (Brazil, Russia, India, China, South Africa) after South Africa was accepted as a full member at the BRIC Foreign Ministers' meeting in New York in September 2010. The first five-member BRICS summit was held in Sanya (China) in 2011. China hosted the 14th BRICS summit on 23rd June, 2022 virtually. 15th BRICS Summit was held in August, 2023 in Johannesburg, South Africa,

while 16th BRICS Summit is scheduled to be held in October, 2024 in Russia.

Note: On 1 January, 2024, Egypt, Ethiopia, Iran and United Arab Emirates became the new members of BRICS taking the total number of BRICS group of countries to 9. Apart from above four countries, Argentina and Saudi Arabia were also invited to join the block in August, 2023 BRICS Summit. However, in December, 2023, Argentina officially declined the invitation to join the BRICS, while Saudi Arabia has not yet (till February, 2024) confirmed its acceptance.

22. The host country of the 9th BRICS Summit is: [U.P.P.C.S. (Pre) 2016]

Correct Answer: (a) China
Solution:9th BRICS Summit was hosted by the China in Xiamen in 2017. South Africa hosted the 15% BRICS Summit in August, 2023 in Johannesburg, while the 16th BRICS Summit is scheduled to be held in October, 2024 in Russia.

Functioning of BRICS

  • Relations between BRICS partners are built on the UN Charter, generally recognised principles and norms of international law, and the following principles: openness, pragmatism, solidarity, non-bloc nature, and neutrality with regard to third parties.
  • In accordance with the acronym B-R-I-C-S, the members take turns serving as the forum's chairman on an annual basis.
  • BRICS work is based on action plans approved during annual summits since 2010.

23. Which bank has been established in China by BRICS countries? [U.P.P.C.S. (Pre) 2017]

Correct Answer: (c) New Development Bank
Solution:The New Development Bank, formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS countries. During the 6th BRICS summit in Fortaleza (in July 2014), the leaders signed the agreement for establishing the New Development Bank. (NDB), which came into force in July, 2015. The bank is headquartered in Shanghai, China. The five founding members of the NDB include Brazil, Russia, India, China and South Africa. As on May, 2024 Bangladesh, UAE and Egypt are also the official members of NDB, while Uruguay is a prospective member. Uruguay has been admitted by NDB's Board of Directors and will officially become a member country after depositing its instrument of accession.

24. Consider the following statements: [I.A.S. (Pre) 2016]

1. New Development Bank has been set up by APEC.

2. The headquarter of New Development Bank is in Shanghai.

Which of the statements given above is/are correct?

Correct Answer: (b) 2 only
Solution:The New Development Bank, formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS countries. During the 6th BRICS summit in Fortaleza (in July 2014), the leaders signed the agreement for establishing the New Development Bank. (NDB), which came into force in July, 2015. The bank is headquartered in Shanghai, China. The five founding members of the NDB include Brazil, Russia, India, China and South Africa. As on May, 2024 Bangladesh, UAE and Egypt are also the official members of NDB, while Uruguay is a prospective member. Uruguay has been admitted by NDB's Board of Directors and will officially become a member country after depositing its instrument of accession.

25. Who coined the term BRICs in 2001? [Uttarakhand P.C.S. (Pre) 2016]

Correct Answer: (a) Jim O'Neil
Solution:The term "BRIC" is believed to be coined in 2001 by the British economist and then-chairman of Golden Sachs Asset Management, Jim O'Neill, in his publication Building Better Global Economic BRICS'. BRICs acronym stands for Brazil, Russia, India and China the four rapidly developing countries that have come to symbolise the shift in global economic power away from the developed G7 economies.

Functioning of BRICS

  • Relations between BRICS partners are built on the UN Charter, generally recognised principles and norms of international law, and the following principles: openness, pragmatism, solidarity, non-bloc nature, and neutrality with regard to third parties.
  • In accordance with the acronym B-R-I-C-S, the members take turns serving as the forum's chairman on an annual basis.
  • BRICS work is based on action plans approved during annual summits since 2010.

26. The British scholar Jim O' Neill who coined the term BRICS is related to which of the following subjects? [Uttarakhand P.C.S. (Pre) 2016]

Correct Answer: (d) Economics
Solution:The term "BRIC" is believed to be coined in 2001 by the British economist and then-chairman of Golden Sachs Asset Management, Jim O'Neill, in his publication Building Better Global Economic BRICS'. BRICs acronym stands for Brazil, Russia, India and China the four rapidly developing countries that have come to symbolise the shift in global economic power away from the developed G7 economies.

Agenda of the BRICS
The regular annual summit and deliberation of BRICS has considerably widened over the years to encompass topical global issues such as:

  • International terrorism
  • Climate change
  • Food and energy security
  • International economic and financial situation
  • Reform of the Bretton Woods Institutions
  • Trade protectionism and the WTO.

27. Who is appointed as the first President of New Development Bank (or BRICS bank)? [U.P.P.C.S. (Mains) 2015]

Correct Answer: (c) K.V. Kamath
Solution:K.V. Kamath was appointed as the first President of "New Development Bank (or BRICS Bank) in 2015. He was replaced by the Marcos Prado Troyjo of Brazil in 2020. Dilma Rousseff of Brazil has been elected as the new President of NDB in March, 2023.

Agenda of the BRICS
The regular annual summit and deliberation of BRICS has considerably widened over the years to encompass topical global issues such as:

  • International terrorism
  • Climate change
  • Food and energy security
  • International economic and financial situation
  • Reform of the Bretton Woods Institutions
  • Trade protectionism and the WTO.

28. With reference to BRIC countries, consider the following statements: [I.A.S. (Pre) 2010]

1. At present, China's GDP is more than the combined GDP of all the three other countries.

2. China's population is more than the combined population of any two other countries.

Which of the statements given above is/are correct?

Correct Answer: (a) 1 only
Solution:* IMF Data; State of World Population 2024 From the above table it is clear that only the statement 1 is correct.
BRIC CountriesGDP ($ Billion) 2010GDP ($ Billion) 2024*Population (in Million) 2010Population (in Million) 2024@
China8250185331354.01425.2
Brazil24252331193.9217.6
Russia19532057143.3144
India194639371210.061441.7

29. Which of the following BRICS' nations has highest per capita income? [U.P.P.C.S. (Mains) 2010]

Correct Answer: (a) China
Solution:Russian Federation had the highest per capita income in 2010 among the given BRICS countries, but at present (in 2022), China has the highest per capita income among given BRICS nations. According to the latest data (2022) of the World Bank" the descending order of per capita income (GNI per capita at current USS) of present 9 BRICS countries is as follows: UAE>China > Russia > Brazil > South Africa > Egypt > Iran > India > Ethiopia.

30. The Shanghai Cooperation Organization summit in which India, was inducted as a full member was held at: [U.P.P.C.S. (Pre) 2017]

Correct Answer: (d) Astana
Solution:The Shanghai Cooperation Organization (SCO), is a Eurasian political, economic, and security alliance, the creation of which was announced on 15th June, 2001 in Shanghai, China by the leaders of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan. The original five members, with the exclusion of Uzbekistan, were previously members of the Shanghai Five group, founded on 26th April, 1996. Since then, the organization has expanded its membership to nine States when India and Pakistan joined SCO as full members in 2017 and Iran joined as full member in 2023.
Home  | Mock Test  | State PCS  | Railway  | SSC  | HSSC  | DSSSB  | RO/ARO  | UPSC  | 
© 2024 Mock Test 365 | All Rights Reserved