BRICS and Emerging Economies MCQs are a must for CSS aspirants who want to prepare International Relations, Global Economy, and Geopolitical Studies. BRICS (Brazil, Russia, India, China, South Africa) is a grouping of rising economies challenging Western-dominated institutions such as the IMF and World Bank. Founded in 2006, BRICS has emerged as a global player in international trade, investment, and development policies. With a total GDP of over $27 trillion, the group fosters economic collaboration, technological innovation, and financial autonomy through mechanisms like the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA). It is important for CSS aspirants to have an understanding of BRICS’ role in altering global economic policies.
H2: BRICS and Its Role in Global Economic Development
BRICS holds some of the world’s emerging economies with industrial expansion, technology innovation, and diversification in trade. Its two biggest members, China and India, spearhead technology, manufacturing, and exports across the globe. Energy markets are commanded by Russia, agriculture is represented by Brazil, and mineral resources and intra-regional trade by South Africa. BRICS has made efforts in de-dollarization, seeking new trade settlement instruments and advocating for a BRICS common currency. The initiatives seek to minimize the reliance on Western financial systems and promote South-South economic integration. CSS applicants should examine the role of BRICS in world trade agreements, economic realignments, and financial stability.
H3: Challenges and Future of BRICS in Emerging Economies
Though it has economic power, BRICS has internal issues of geopolitical tensions, economic imbalances, and differences in policy. China-India border disputes, Russia’s sanctions, and Brazil’s economic ups and downs are obstacles to its full economic integration. BRICS is, however, increasing its power by including new members such as Saudi Arabia, UAE, Iran, and Egypt, which may redefine international trade and political alignments. The success of BRICS is contingent on how it fosters intra-group trade, financial cooperation, and investment in sustainable development. Using MCQs and free flashcards on BRICS and emerging economies will prepare CSS aspirants for understanding changes in the global economy, global trade policies, and the emergence of new global financial power hubs.
Which countries originally formed BRIC before South Africa joined?
A) Brazil, Russia, India, China
B) Brazil, Romania, Indonesia, Canada
C) Bangladesh, Russia, Iran, Colombia
D) Belgium, Rwanda, Italy, Chile
When did South Africa officially join BRICS?
A) 2005
B) 2010
C) 2013
D) 2017
What does BRICS stand for?
A) Brazil, Russia, India, China, South Africa
B) Britain, Russia, Iran, China, Spain
C) Bangladesh, Romania, Italy, Canada, Sweden
D) Belgium, Russia, Indonesia, Chile, South Korea
Which BRICS country has the largest economy by GDP?
A) Brazil
B) Russia
C) China
D) India
Which organization serves as the financial institution for BRICS?
A) World Bank
B) New Development Bank (NDB)
C) IMF
D) Asian Development Bank
What was the original purpose of BRICS?
A) Military alliance
B) Promoting economic cooperation among emerging economies
C) Controlling global oil prices
D) Political integration
Which BRICS country has the largest population?
A) India
B) Russia
C) South Africa
D) Brazil
Which BRICS country is the world’s largest exporter of oil?
A) Brazil
B) Russia
C) India
D) China
Where is the headquarters of the New Development Bank (NDB) located?
A) Moscow
B) Shanghai
C) New Delhi
D) Johannesburg
Which of the following is NOT a BRICS country?
A) Mexico
B) China
C) India
D) Brazil
Which of the following is a major challenge faced by BRICS?
A) Political conflicts among members
B) Lack of natural resources
C) Weak GDP growth in all countries
D) High inflation in all members
What is the name of the annual meeting where BRICS leaders discuss economic and political issues?
A) BRICS Forum
B) BRICS Summit
C) BRICS Economic Council
D) BRICS Convention
Which of these countries is an emerging economy but NOT a BRICS member?
A) Indonesia
B) South Africa
C) Russia
D) Brazil
Which sector is a key driver of economic growth in India?
A) Oil and gas
B) Manufacturing
C) Information Technology (IT)
D) Real estate
Which BRICS country is a major producer of agricultural products like soybeans and coffee?
A) Russia
B) South Africa
C) India
D) Brazil
Which currency is the most widely used for trade among BRICS countries?
A) Russian Ruble
B) Indian Rupee
C) US Dollar
D) Chinese Yuan
Which BRICS country is the largest gold producer?
A) Brazil
B) Russia
C) India
D) South Africa
Which of the following is a key goal of BRICS?
A) Reducing Western economic dominance
B) Establishing a common currency
C) Increasing military cooperation
D) Merging into a single country
Which of the following is an economic challenge for BRICS countries?
A) Slow population growth
B) High external debt
C) Lack of natural resources
D) Excessive foreign investments
Which international organization has often been criticized by BRICS countries for being Western-dominated?
A) United Nations
B) NATO
C) IMF
D) OPEC
Which BRICS country has the highest percentage of internet users?
A) Brazil
B) Russia
C) China
D) India
What is the primary reason for China’s economic dominance within BRICS?
A) Military strength
B) Large manufacturing sector and exports
C) High dependency on agriculture
D) Strict economic isolation policies
Which BRICS country has the smallest economy by GDP?
A) India
B) Brazil
C) South Africa
D) Russia
Which of the following industries is a major contributor to Russia’s economy?
A) Technology
B) Financial services
C) Energy (oil and gas)
D) Tourism
Which of the following BRICS countries is NOT a member of the G20?
A) Russia
B) India
C) Brazil
D) All BRICS countries are in G20
Which economic indicator is commonly used to measure the growth of emerging economies?
A) Inflation rate
B) GDP growth rate
C) Exchange rate
D) Interest rate
Which country has proposed the idea of a common BRICS currency?
A) China
B) India
C) Russia
D) Brazil
Which of the following best describes the economic relationship between BRICS countries?
A) They have a free trade agreement
B) They primarily compete with each other
C) They engage in economic cooperation but have no common policies
D) They have a single shared economy
What is a potential future goal for BRICS?
A) Expansion by adding new members
B) Creating a single government
C) Abolishing national currencies
D) Reducing global trade
