CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How many millions did BRICS Bank approves loans for India and Russia?
A
400 millions
B
250 millions
C
750 millions
D
950 millions
Explanation: 

Detailed explanation-1: -Brazil defaults on BRICS bank agreement after Congress blocks payment-The Hindu.

Detailed explanation-2: -New Development Bank (NDB) was formally known as BRICS Development Bank. It was launched in 2015 by Brazil, Russia, India, China, and South Africa (BRICS), a group of major emerging economies. The current president of the NDB is Marcos Prado Troyjo from Brazil. The NDB headquarters are situated in Shanghai, China.

Detailed explanation-3: -BRICS is an acronym for five leading emerging economies: Brazil, Russia, India, China, and South Africa.

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