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Q97 (IAS/2025) International Relations & Global Affairs › International Organisations & Groupings › Global economic governance Answer Verified

Consider the following statements with regard to BRICS : I. 16th BRICS Summit was held under the Chairship of Russia in Kazan. II. Indonesia has become a full member of BRICS. III. The theme of the 16th BRICS Summit was Strengthening Multiculturalism for Just Global Development and Security. Which of the statements given above is/are correct?

Result
Your answer: —  ·  Correct: A
Explanation

The 16th BRICS Summit was held from 22 to 24 October 2024 in Kazan, Russia, under Russia's presidency[1], making Statement I correct. Indonesia joined BRICS as a full member in January 2025[2], which confirms Statement II is correct. However, Statement III contains an error in the theme. The actual theme of the 16th BRICS Summit was "Strengthening Multilateralism for Just Global Development and Security"[3], not "Multiculturalism" as stated in the question. The key difference is that the official theme used "Multilateralism" (referring to cooperation among multiple nations) rather than "Multiculturalism" (referring to cultural diversity). Therefore, only Statements I and II are correct, making option A the right answer.

Sources
  1. [2] https://www.mea.gov.in/Portal/ForeignRelation/BRICS-2025.pdf
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PROVENANCE & STUDY PATTERN
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Don’t just practise – reverse-engineer the question. This panel shows where this PYQ came from (books / web), how the examiner broke it into hidden statements, and which nearby micro-concepts you were supposed to learn from it. Treat it like an autopsy of the question: what might have triggered it, which exact lines in the book matter, and what linked ideas you should carry forward to future questions.
Q. Consider the following statements with regard to BRICS : I. 16th BRICS Summit was held under the Chairship of Russia in Kazan. II. Indo…
At a glance
Origin: Mostly Current Affairs Fairness: Low / Borderline fairness Books / CA: 0/10 · 7.5/10
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A classic 'Attention to Detail' trap. While the location (Kazan) is easy, Statement III swaps 'Multilateralism' with 'Multiculturalism'—a lethal error for speed-readers. Statement II relies on the specific 2025 timeline update regarding Indonesia's accession status.

How this question is built

This question can be broken into the following sub-statements. Tap a statement sentence to jump into its detailed analysis.

Statement 1
Which country chaired (held the presidency for) the 16th BRICS Summit?
Origin: Web / Current Affairs Fairness: CA heavy Web-answerable

Web source
Presence: 5/5
"Under Russia’s presidency, BRICS (acronym for the founding states – Brazil, Russia, India and China) held its first summit following the group’s expansion on 1 January 2024, from 22 to 24 October in Kazan (Russia)."
Why this source?
  • Explicitly states which country held the presidency for the summit.
  • Links the presidency to the 16th BRICS Summit held in Kazan, Russia.
Web source
Presence: 4/5
"On 24 October, Russia hosted a plenary session of the 16th BRICS Summit in the BRICS Plus/Outreach format,"
Why this source?
  • Describes Russia as the host of a plenary session of the 16th BRICS Summit.
  • Supports the conclusion that Russia chaired/hosted the summit events on 24 October.
Web source
Presence: 4/5
"The 16th BRICS Summit, held in Kazan under the theme ‘Strengthening multilateralism for just global development and security’, was deemed a diplomatic success for Russia,"
Why this source?
  • States the summit was held in Kazan and characterizes it as a diplomatic success for Russia.
  • Reinforces that Russia was the presiding/host country for the 16th summit.

Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 13: International Organizations > 13.16 New Development Bank (NDB)/ BRICS Bank > p. 401
Strength: 5/5
“It is a multilateral development bank established by Brazil, Russia, India, China and South Africa• The Bank finances infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries. • The Bank supports public or private projects through loans, guarantees, equity participation and other financial instruments.• It complements the efforts of multilateral and regional financial institutions toward global growth and development.• The Bank also provides technical assistance for projects to be supported by the NDB and engage in information, cultural and personnel exchanges with the purpose of contributing to the achievement of environmental and social sustainability.• All powers of the Bank are vested with the Board of Governors, which is the highest decision-making body under whom there is Board of Directors, while the Bank is headed by the President.• The Bank's Agreement specify that all members of the United Nations could be members of the bank, however the share of the BRICS nations can never be less than 55% of voting power.• The Bank shall have an initial subscribed capital of US$ 50 billion which shall be equally distributed amongst the founding members (i.e., each member will have $10 billion of subscribed capital).”
Why relevant

Lists the BRICS founding members (Brazil, Russia, India, China and South Africa), establishing the small, fixed set of countries among which summit presidency would rotate or be held.

How to extend

A student can use this member list plus an external timetable or map to check which of these five countries hosted/chaired the 16th summit in the relevant year.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > NEW DEVELOPMENT BANK OR BRICS DEVELOPMENT BANK > p. 528
Strength: 3/5
“In 2012, BRICS nations proposed to set up Multilateral Development Bank. • The need for New Development Bank (NDB) was felt because of: • IMF and WB were inclined more towards the developed Western countries. • BRICS nations have less than 15 per cent voting rights in IMF at present although they account for around half of the world's population.”
Why relevant

Refers to 'BRICS nations' as a cohesive group proposing joint institutions (e.g., NDB), reinforcing that summit leadership is an intra-BRICS matter among those same countries.

How to extend

Combine this confirmation of a single BRICS bloc with external sources (e.g., BRICS summit records or news by year) to identify which BRICS country held the presidency for the 16th summit.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > CONTINGENT RESERVE ARRANGEMENT > p. 530
Strength: 3/5
“• It was introduced in 2015 by the BRICS countries to overcome the BOP problems of BRICS \bulletcountries by providing short-term liquidity support through liquidity and precautionary instruments. • The CRA along with NDB is viewed as an example of increasing South-South cooperation. • For CRA, there is a total capital contribution of US$ 100 billion (highest by China: $41 billion). • The voting right of India is equal to that of Brazil and Russia, i.e. 18.10 per cent.”
Why relevant

Notes BRICS collective initiatives (Contingent Reserve Arrangement introduced by BRICS in 2015), showing that major BRICS events and decisions are taken within the five-member framework.

How to extend

Use this pattern of BRICS collective action plus a simple external check (summit chronology or official BRICS website) to determine which member chaired the 16th summit.

Statement analysis

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Statement analysis

This statement analysis shows book citations, web sources and indirect clues. The first statement (S1) is open for preview.

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Statement analysis

This statement analysis shows book citations, web sources and indirect clues. The first statement (S1) is open for preview.

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SIMILAR QUESTIONS

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Consider the following statements : 1. The Fifth Summit of BRICS (2013) was held in Durban. 2. Dr. Manmohan Singh became the only head of States or head of Government to attend all BRICS Summits held so far. 3. The theme of Fifth Summit of BRICS was “BRICS and Africa : Partnership for Develop- ment, Integration and Indus- trialization”. Which of the statements given above is/are correct?

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With reference to a grouping of countries known as BRICS, consider the following statements : 1. The First Summit of BRICS was held in Rio de Janeiro in 2009. 2. South Africa was the last to join the BRICS grouping. Which of the statements given above is/are correct?

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

CDS-II · 2015 · Q110 Relevance score: 2.44

Which of the following statements with regard to New Development Bank BRICS, formerly referred to as the BRICS Development Bank, is/are correct? 1. The Headquarters of the Bank is situated at Moscow, Russia. 2. K. V. Kamath is the first President of the Bank. Select the correct answer using the code given below.