What is the main purpose of BRICS?
Economic Cooperation
BRICS began as BRIC (Brazil, Russia, India, China) in 2006–09; South Africa joined in 2010, and Egypt, Ethiopia, Iran, the UAE and Indonesia have joined since 2024.
Its main aim is economic cooperation among emerging economies – trade, investment and development finance, for which it set up the New Development Bank and the Contingent Reserve Arrangement.
It is not a military alliance and has no special focus on space exploration or maritime security.
Hence, Economic Cooperation.
Similar Questions
World Health Day 2020 was celebrated on ______ with the theme of supporting nurses and midwives.
The United Nations Conference on Environment and Development (UNCED) which adopted 'Agenda 21' was held at:
Which of the following countries is NOT a member of QUAD?
What is the primary focus of BIMSTEC?
What is one of the key sectors focused on by the BRICS Business Council?
Under which organization does the Trade and Development Board operate?
Which institution played a key role in India's economic reforms by providing loans and policy guidance?
Where is the BRICS New Development Bank headquarters located?
Which two BRICS nations are permanent members of the UN Security Council?
What is the main purpose of BRICS?
Important Questions from World Organisations and Headquarters
Who is the Head of the World Health Organisation (WHO) and where is its headquarters located?
Consider the following statements :
1. The Global Ocean Commission grants licences for seabed exploration and mining in international waters.
2. India has received licences for seabed mineral exploration in international waters.
3. ‘Rare earth minerals’ are present on the seafloor in international waters.
Which of the statements given above are correct?
The members of the NAFTA are ________.
Where is the headquarters of the World Bank located?
United Nations Children's Fund (UNICEF) was founded in ____
