Question
Consider the following statements regarding BRICS:
Consider the following statements regarding BRICS:
I. The term BRICS was coined by the British Economist Jim O'Neill in 2005.
II. BRICS describe the emerging economies of Brazil, Russia, India, China and Sweden.
III. The New Development Bank was established in the Fortaleza Summit of BRICS in 2014. Which of the statements given above is/are correct?
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