{"id":89137,"date":"2025-06-01T09:56:43","date_gmt":"2025-06-01T09:56:43","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=89137"},"modified":"2025-06-01T09:56:43","modified_gmt":"2025-06-01T09:56:43","slug":"which-one-of-the-following-statements-about-bric-is-not-correct","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-statements-about-bric-is-not-correct\/","title":{"rendered":"Which one of the following statements about BRIC is not correct?"},"content":{"rendered":"

Which one of the following statements about BRIC is not correct?<\/p>\n

[amp_mcq option1=”In the year 2009 the leaders of the BRIC countries held their first summit in Yekaterinburg” option2=”According to Goldman Sachs, the global investment banking and securities firm, the economic potential of BRIC is such that they may become among the four most dominant economies by the year 2050″ option3=”BRIC countries suggests for the Doha round to be accelerated in order to find compromise solutions for radical reductions for multibillion dollar subsidies in the agricultural sector” option4=”Brazil, Russia, India and Canada are the members of BRIC” correct=”option4″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC CAPF – 2009<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nStatement A is correct. The first summit of the BRIC heads of state was held in Yekaterinburg, Russia, on June 16, 2009.
\nStatement B is correct. Jim O’Neill, the economist at Goldman Sachs, coined the term BRIC and made predictions about the significant economic growth and potential dominance of these countries by 2050.
\nStatement C is correct. BRIC\/BRICS countries have consistently advocated for reforms in the global trade system and often push for the reduction of agricultural subsidies by developed nations within forums like the WTO (Doha Development Agenda).
\nStatement D is incorrect. BRIC is an acronym for Brazil, Russia, India, and China. Canada is not a member of this grouping. South Africa joined in 2010, expanding the group to BRICS.
\nSince the question asks for the statement that is *not* correct, option D is the answer.
\n<\/section>\n
\nBRIC (later BRICS) is an association of major emerging national economies. Understanding its member countries, origin, and key positions on global issues is important for international relations and economics.
\n<\/section>\n
\nThe BRIC concept was first introduced in 2001 by Jim O’Neill in a Goldman Sachs report titled “Building Better Global Economic BRICs”. The formal political grouping started with the first meeting of Foreign Ministers in 2006 and the first summit in 2009.
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Which one of the following statements about BRIC is not correct? [amp_mcq option1=”In the year 2009 the leaders of the BRIC countries held their first summit in Yekaterinburg” option2=”According to Goldman Sachs, the global investment banking and securities firm, the economic potential of BRIC is such that they may become among the four most dominant … <\/p>\n

Detailed SolutionWhich one of the following statements about BRIC is not correct?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1085],"tags":[1462,1226],"class_list":["post-89137","post","type-post","status-publish","format-standard","hentry","category-upsc-capf","tag-1462","tag-external-sector-of-economy","no-featured-image-padding"],"yoast_head":"\nWhich one of the following statements about BRIC is not correct?<\/title>\n<meta name=\"description\" content=\"Statement A is correct. The first summit of the BRIC heads of state was held in Yekaterinburg, Russia, on June 16, 2009. Statement B is correct. Jim O'Neill, the economist at Goldman Sachs, coined the term BRIC and made predictions about the significant economic growth and potential dominance of these countries by 2050. Statement C is correct. BRIC\/BRICS countries have consistently advocated for reforms in the global trade system and often push for the reduction of agricultural subsidies by developed nations within forums like the WTO (Doha Development Agenda). Statement D is incorrect. BRIC is an acronym for Brazil, Russia, India, and China. Canada is not a member of this grouping. South Africa joined in 2010, expanding the group to BRICS. Since the question asks for the statement that is *not* correct, option D is the answer. BRIC (later BRICS) is an association of major emerging national economies. Understanding its member countries, origin, and key positions on global issues is important for international relations and economics.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-statements-about-bric-is-not-correct\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which one of the following statements about BRIC is not correct?\" \/>\n<meta property=\"og:description\" content=\"Statement A is correct. The first summit of the BRIC heads of state was held in Yekaterinburg, Russia, on June 16, 2009. Statement B is correct. Jim O'Neill, the economist at Goldman Sachs, coined the term BRIC and made predictions about the significant economic growth and potential dominance of these countries by 2050. Statement C is correct. BRIC\/BRICS countries have consistently advocated for reforms in the global trade system and often push for the reduction of agricultural subsidies by developed nations within forums like the WTO (Doha Development Agenda). Statement D is incorrect. BRIC is an acronym for Brazil, Russia, India, and China. Canada is not a member of this grouping. South Africa joined in 2010, expanding the group to BRICS. Since the question asks for the statement that is *not* correct, option D is the answer. BRIC (later BRICS) is an association of major emerging national economies. 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The first summit of the BRIC heads of state was held in Yekaterinburg, Russia, on June 16, 2009. Statement B is correct. Jim O'Neill, the economist at Goldman Sachs, coined the term BRIC and made predictions about the significant economic growth and potential dominance of these countries by 2050. Statement C is correct. BRIC\/BRICS countries have consistently advocated for reforms in the global trade system and often push for the reduction of agricultural subsidies by developed nations within forums like the WTO (Doha Development Agenda). Statement D is incorrect. BRIC is an acronym for Brazil, Russia, India, and China. Canada is not a member of this grouping. South Africa joined in 2010, expanding the group to BRICS. Since the question asks for the statement that is *not* correct, option D is the answer. BRIC (later BRICS) is an association of major emerging national economies. 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BRIC\/BRICS countries have consistently advocated for reforms in the global trade system and often push for the reduction of agricultural subsidies by developed nations within forums like the WTO (Doha Development Agenda). Statement D is incorrect. BRIC is an acronym for Brazil, Russia, India, and China. Canada is not a member of this grouping. South Africa joined in 2010, expanding the group to BRICS. Since the question asks for the statement that is *not* correct, option D is the answer. BRIC (later BRICS) is an association of major emerging national economies. Understanding its member countries, origin, and key positions on global issues is important for international relations and economics.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-statements-about-bric-is-not-correct\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T09:56:43+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-statements-about-bric-is-not-correct\/","url":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-statements-about-bric-is-not-correct\/","name":"Which one of the following statements about BRIC is not correct?","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T09:56:43+00:00","dateModified":"2025-06-01T09:56:43+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Statement A is correct. 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