China will give approx.....for a BRICS economic and technology cooperation plan and another project at the BRICS countries New Development Bank.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

China will give approx____for a BRICS economic and technology cooperation plan and another project at the BRICS countries’ New Development Bank.

A	$ 90 Million
B	$ 30 Million
C	$ 50 Million
D	$ 80 Million

Explanation:

Detailed explanation-1: -Xiamen: China will provide $76 million for a BRICS economic and technology cooperation plan and another $4 million to support the projects of the bloc’s New Development Bank, President Xi Jinping announced on Tuesday.

Detailed explanation-2: -China is the leading exporter and importer of goods among BRICS countries, the leading investor and importer of FDI inflow from BRICS countries. Trade and investment cooperation of China with other BRICS countries is leeding to obtain a synergistic effect, affecting GDP growth.

Detailed explanation-3: -Detailed Solution. The correct answer is New Development Bank. The New Development Bank was formed to support infrastructure and sustainable development efforts in BRICS and other underserved, emerging economies for faster development through innovation and cutting-edge technology.

Detailed explanation-4: -South Africa is the 2023 chair of BRICS, which consists of Brazil, Russia, India, China and South Africa. A number of countries had approached the previous chair, China, about joining, she said.

Detailed explanation-5: -BRICS is an acronym for five leading emerging economies: Brazil, Russia, India, China, and South Africa.

There is 1 question to complete.