Economic Cooperation — Prelims Questions

Consider the following statements about the New Development Bank (NDB): 1. It was established with authorized capital of $50 billion 2. Each founding member has equal voting rights of 20% 3. The bank's headquarters is located in Mumbai 4. It provides financing only in US dollars Which of the statements given above are correct?

Which of the following best describes India's position in the BRICS Contingent Reserve Arrangement (CRA)?

The recent expansion of BRICS in 2023 invited which of the following countries? 1. Argentina 2. Egypt 3. Iran 4. Saudi Arabia 5. Turkey 6. UAE

Consider the following statements about BRICS economic cooperation: 1. Intra-BRICS trade accounts for approximately 18% of total BRICS external trade 2. China accounts for over 70% of BRICS combined GDP 3. The BRICS Business Council operates through sectoral working groups 4. BRICS countries have established a common currency Which of the statements given above are correct?

Which constitutional article provides the primary basis for India's participation in BRICS economic cooperation frameworks?