BRICS Quiz + Notes

 

1. What was the theme of 11th BRICS summit held in Brazil in Nov 2019?

• BRICS: economic growth for an innovative future
• Collaboration for Inclusive Growth and Shared Prosperity
• BRICS and Africa
• BRICS: Stronger Partnership for a Brighter Future.

2. BRICS development bank is now known as New Development Bank. Who will replace Mr.KV Kamath as the President of NDB from 7th July 2020? 

• Mr. Andrey Bokarev
• Marcos Trojyo
• Mr. Wencai Zhang
• None of the above

3. Where is the NDB,(New Development Bank) BRICS  headquarters?

• Brasiliana
• New Delhi
• Moscow
• Shanghai

 4. When did the BRICS states signed the Agreement on the New Development Bank, which makes provisions for the legal basis of the bank?

•  July 2014 (6th BRICS summit)
• March 2013 (5th BRICS summit)
• March 2012 (4th BRICS summit)
• None of the Above

 5.When was BRICS formed and when South Africa included ?

• 2009;2010
• 2009;2011
• 2008;2009
• 2009; 2010

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BRICS notes

BRICS is the acronym coined for an association of five major emerging national economies: 
Brazil, Russia, India, China and South Africa.

• In 2001, "BRIC" was coined by Jim O'Neill, then-chairman of Goldman Sachs , , in his publication "Building Better Global Economic BRICs"

• The BRIC grouping's first formal summit, also held in Yekaterinburg, commenced on 16 June 2009,

• Abbreviation BRICS

• Formation 2009

• South Africa officially became a member nation on 24 December 2010

• Who will host BRICS 2020?

- Next Summit 12th Summit - 21-23 July 2020-Saint Petersburg, Russia 

-Theme : BRICS Partnership for Global Stability, Shared Security and Innovative Growth

New Development Bank/ NDB or NDB BRICS Bank 

• BRICS Development Bank is a multilateral development bank operated by the BRICS states. 

• The bank's primary focus of lending will be infrastructure project,   authorized lending of up to $34 billion annually

• President of NDB (from 07- July 2020) -  Marcos Trojyo

• Previous president  of NDB - Mr.KV Kamath (From 2015 to 2020)

• Vice President (from 07 July2020) - Anil Kishora (ex- Deputy MD & Chief Risk Officer (CRO) of SBI