📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    What is the primary objective of Indonesia joining the

    BRICS’ New Development Bank?
    A Strengthening military cooperation Correct Answer Incorrect Answer
    B Accelerating economic transformation Correct Answer Incorrect Answer
    C Reducing trade dependence on ASEAN Correct Answer Incorrect Answer
    D Expanding tourism sector Correct Answer Incorrect Answer

    Solution

    • Indonesia is set to join the New Development Bank (NDB), a multilateral financial institution established by BRICS countries.
    • The announcement was made during the visit of former Brazilian President Dilma Rousseff.
    • Indonesian President Prabowo Subianto emphasized that the move will accelerate Indonesia’s economic transformation.
    • BRICS currently includes Brazil, Russia, India, China, and South Africa, with Egypt, Ethiopia, Iran, and the UAE as additional members.
    • Indonesia’s entry into NDB is expected to strengthen its global financial engagement and support infrastructure development.

    Practice Next
    More Budget and Economic Survey Questions

    Relevant for Exams:

    ask-question