Statement 1 is incorrect. The first summit of BRIC (Brazil, Russia, India, China) was held in Yekaterinburg, Russia, in 2009. Rio de Janeiro hosted the fourth BRICS summit in 2012. Statement 2 is correct in the context of the original BRICS grouping (Brazil, Russia, India, China, South Africa). South Africa was invited to join in December 2010 and formally became a member on April 14, 2011, attending its first summit in Sanya, China, in 2011. Thus, South Africa was the last to join the BRIC grouping to form BRICS-5.
With reference to a grouping of countries known as BRICS, consider the following statements : 1. The First Summit of BRICS was held in Rio de Janeiro in 2009. 2. South Africa was the last to join the BRICS grouping. Which of the statements given above is/are correct?
Asked in UPSC IAS 2014 · Topic: Balance of Payments (BoP) (Impact of Global Economic Developments on India's BoP)
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