The 'BRICS' group originally included Brazil, Russia, India, China and: MCQ with Answer and Explanation

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The 'BRICS' group originally included Brazil, Russia, India, China and:

A. Turkey

B. South Korea

C. Indonesia

D. South Africa

Answer: Option D

Solution (By JKSSB Mock Tests)

BRICS consists of Brazil, Russia, India, China and South Africa.

This question belongs to: Economy GK Economy Set 1

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Question #1

The term 'Special Drawing Rights' (SDRs) is associated with:

A. World Trade Organisation

B. World Bank

C. International Monetary Fund

D. Asian Development Bank

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Correct Answer: Option C

Explanation:
Special Drawing Rights are an international reserve asset created by the International Monetary Fund to supplement member countries' official reserves.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Incoterms' in international trade are published by:

A. WTO

B. IMF

C. World Bank

D. International Chamber of Commerce

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Correct Answer: Option D

Explanation:
Incoterms are published by the International Chamber of Commerce.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on legal services provided to government is:

A. 18%

B. exempt

C. 12%

D. 0%

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Correct Answer: Option B

Explanation:
Legal services provided to government are exempt from GST.

This question belongs to: Economy GK Economy Set 1

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