New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    Which country has applied to join the BRICS group and

    offered to contribute $1.5 billion to the BRICS Bank?
    A Argentina Correct Answer Incorrect Answer
    B Algeria Correct Answer Incorrect Answer
    C Saudi Arabia Correct Answer Incorrect Answer
    D Iran Correct Answer Incorrect Answer
    E Cuba Correct Answer Incorrect Answer

    Solution

    Algeria has applied to join the BRICS group and requested to become a shareholder member of BRICS Bank with a contribution of $1.5 billion. The move aims to open new economic opportunities and strengthen Algeria's partnership with countries like China. The BRICS group comprises Brazil, Russia, India, China, and South Africa, representing over 40% of the world's population and about 26% of the global economy. China has offered to invest $36 billion in various sectors in Algeria, including manufacturing, technology, transport, and agriculture. More than 40 countries, including Argentina, Iran, Saudi Arabia, UAE, Cuba, among others, have expressed interest in joining the BRICS group. About Algeria Capital: Algiers [El Djazaïr]                                     Currency: Algerian dinar (‎ DZD‎ )‎

    Practice Next