2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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G 7 Summit
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Brazil-Russia-India-China-South Africa (BRICS)
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North American Manufacturing Excellence Summit
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Summits of Canada
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Detailed explanation-1: -The Forum was established in 2015 by media organisations from the five countries, including The Hindu, Brazil’s CMA Group, Russia’s Sputnik, China’s Xinhua and South Africa’s Independent Media.
Detailed explanation-2: -For Brazil, BRICS served three significant functions: It reinforced its identity as a rising power in economic and political terms. It catalyzed more robust trade relations with emerging economies. It provided a safe space for Brazil to interact with China as equals.
Detailed explanation-3: -The acronym BRICS was initially formulated in 2001 by economist Jim O’Neill, of Goldman Sachs, in a report on growth prospects for the economies of Brazil, Russia, India, and China which together represented a significant share of the world’s production and population.
Detailed explanation-4: -BRICS is an acronym for five leading emerging economies: Brazil, Russia, India, China, and South Africa.