Indian Polity & Governance·Prelims Questions

BRICS — Prelims Questions

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Version 1Updated 5 Mar 2026

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Q1medium

With reference to BRICS, consider the following statements: 1. The New Development Bank has equal shareholding among all BRICS members. 2. The Contingent Reserve Arrangement provides financial assistance without IMF-style conditionalities. 3. Argentina became a full member of BRICS in 2024. 4. The BRICS Pay system is already operational for all member countries. Which of the statements given above are correct?

Q2easy

Which of the following countries joined BRICS in the 2024 expansion?

Q3easy

The New Development Bank (NDB) of BRICS has its headquarters in:

Q4medium

Consider the following statements about BRICS Contingent Reserve Arrangement (CRA): 1. It has a total corpus of $100 billion. 2. China contributes the largest share at $41 billion. 3. It can only be accessed after approaching the IMF first. 4. South Africa contributes $5 billion to the arrangement. Which of the statements given above are correct?

Q5easy

The term 'BRIC' was originally coined by: