Which one of the following statements about BRIC is not correct ?

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Q: 19 (CAPF/2009)

Which one of the following statements about BRIC is not correct ?

question_subject: 

Current Affairs

question_exam: 

CAPF

stats: 

0,72,46,18,13,15,72

keywords: 

{'bric countries': [0, 0, 2, 0], 'brjc countries': [0, 0, 1, 0], 'bric': [0, 0, 1, 0], 'global investment banking': [0, 0, 1, 0], 'dominant economies': [0, 0, 1, 0], 'goldman sachs': [0, 0, 1, 0], 'economic potential': [0, 0, 0, 1], 'doha round': [0, 0, 1, 0], 'securities firm': [0, 0, 1, 0], 'first summit': [0, 0, 0, 1], 'agricultural sector': [0, 0, 1, 3], 'yekaterinburg': [0, 0, 1, 0], 'brazil': [0, 0, 1, 0], 'russia': [0, 0, 1, 1], 'multibillion dollar subsidies': [0, 0, 1, 0]}

The correct answer is option 4. The statement "Brazil, Russia, India and Canada are the members of BRIC" is incorrect.

BRIC refers to a grouping acronym that stands for four rapidly developing economies - Brazil, Russia, India, and China. Canada is not a member of BRIC.

Option 1 is a correct statement. The leaders of the BRIC countries did hold their first summit in Yekaterinburg in 2009.

Option 2 is also a correct statement. According to Goldman Sachs, the economic potential of BRIC countries is significant, and they have the potential to become among the four most dominant economies by the year 2050.

Option 3 is also correct. The BRIC countries have suggested accelerating the Doha round to find compromise solutions for radical reductions in agricultural subsidies.

It is important to note that while the provided options are generally correct, option 4 is the one that is not correct. BRIC consists of Brazil, Russia, India, and China, not Canada.