- The Brics group, initially formed by Brazil, Russia, India, and China in 2006, expanded with the inclusion of South Africa in 2010.
- New members joining on January 1, 2024, are Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates.
- The expanded group is often referred to as “Brics +,” though no official name has been announced.
- Argentina was invited to join but declined under its new president, Javier Milei.
- Brics countries hold annual summits where decisions are made, and each member takes turns being the group’s president for a year.
- Brics countries are significant global powers, including China and Russia, as well as regional powers like South Africa and Brazil.
- The expanded group comprises about 3.5 billion people, representing 45% of the world’s population.
- The combined economy of Brics countries is over $28.5 trillion, contributing approximately 28% to the global economy.
- Brics countries are expected to produce about 44% of the world’s crude oil.
Q: When was the Brics group initially formed, and which countries were its founding members?
a) Formed in 2010 with Brazil, Russia, India, China, and South Africa
b) Formed in 2006 with Brazil, Russia, India, and China
c) Formed in 2012 with Argentina, China, India, and South Africa
d) Formed in 2008 with Brazil, Russia, India, and South Africa
Ans : b) Formed in 2006 with Brazil, Russia, India, and China
Q: Who are the new members set to join the Brics group on January 1, 2024?
a) Argentina, Brazil, South Africa
b) Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates
c) Mexico, Australia, Turkey
d) Canada, Japan, Germany
Ans : b) Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates
