Question

Consider the following statements:

A. India attended the 16th BRICS Summit in Kazan, Russia.
B. Asian Development Bank (ADB) is a multilateral development bank established by BRICS countries.
C. India has never chaired the BRICS Summit.
D. USA was incorporated as a new member during the Kazan Summit.

How many of the above statement/statements is/are correct?

1. Only one statement is correct
2. Only two statements are correct
3. Only three statements are correct
4. None of the statements are correct

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Correct Answer:

4. None of the statements are correct

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Explanation:

• Statement A: Incorrect.
  The 16th BRICS Summit was hosted by South Africa in Johannesburg in 2023. Kazan, Russia, was not the location for this summit.

• Statement B: Incorrect.
  The Asian Development Bank (ADB) is not a creation of BRICS. It was established in 1966 and is headquartered in Manila, Philippines. BRICS countries established the New Development Bank (NDB) in 2014.

• Statement C: Incorrect.
  India has chaired the BRICS Summit multiple times, most recently in 2021.

• Statement D: Incorrect.
  The USA has never been incorporated as a BRICS member. The BRICS group consists of Brazil, Russia, India, China, and South Africa.

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Source Links for Verification:

1. BRICS Official Website
   brics2023.gov.za
2. Asian Development Bank Official Website
   adb.org
3. New Development Bank (NDB)
   ndb.int

Comments

16th brics summit was held in russia ,kazan is true statement