2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which country has defaulted on BRICS bank (New Development Bank) agreement?
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Brazil
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India
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China
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None of the above
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Explanation:
Detailed explanation-1: -Russia, one of the five ‘BRICS’ nations (Brazil, Russia, India, China, and South Africa), faces new rounds of sanctions. The West has frozen the assets of Russia’s central bank, to stop it from using its $630 billion foreign currency reserves.
Detailed explanation-2: -New Development Bank is a multilateral bank meant to provide resources for development. It is operated by the BRICS. BRICS members include Brazil, Russia, India, China, and South Africa. Hence, Canada is not a founding member of the New Development Bank.
There is 1 question to complete.