Question

Consider the following statements about Brazil, Russia, India, China, and South Africa (BRIC

Q: Answer-Consider the following statements about Brazil, Russia, India, China, and South Africa (BRICS)? I....

BRICS is an acronym for Brazil, Russia, India, China, and South Africa. Economist Jim ONeill coined the term BRIC without South Africa in 2001, claiming that by 2050 the four BRIC economies would come to dominate the global economy by 2050. South Africa was added to the list in 2010.

S ? I. Economist Jim O'Neill coined the term BRIC (without South Africa) in 2001. II. South Africa was added to the list in 2010. III. BRICS was established in 2000 as BRIC. Which of the above statements is/are incorrect?

A I

B I & II

C III

D All statements are correct

E All statements are incorrect

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