Question

Answer the following.

1. What does BRICS stand for?
2. When was it established?
3. What are the objectives of this bloc?
4.  The countries of which continent are not a member of this bloc?
5. In which continents do the member countries lie?

Answer 1

1. BRICS stands for Brazil, Russia, India, China and South Africa.
2. It was established in June 2006.
3. Some of the main objectives of this bloc are:
   1. To make funds available for the growth of the economies of members.
   2. To enchance mutual economic co-operation.
   3. To strengthen economic security.
4. The countries of the North America, Australia and Antartica continent are not a member of this bloc.
5. The member countries lie in the continents of Asia, Africa, Europe and South America.