Question
With reference to the BRICS, consider the following
statements: 1.   The chairmanship of the forum is rotated annually among the members, in accordance with the acronym B-R-I-C-S. 2.   The Fortaleza Declaration resulted in the establishment of a New Development Bank (NDB) 3.   The Zaranj -Delaram highway in Afghanistan was built by India by taking financial assistance from NDB of BRICS. How many statements above are not correct?Solution
The Government of India has further approved Rs. 377.47 crores (aprox. US$ 84 m over and above US$ 100 m) for upgradation/ reconstruction of the road from Zaranj to Delaram in Afghanistan. India is contributing US $ 200,000 per annum to the World Bank managed Afghan Reconstruction Trust Fund.
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