BRICS leaders signed the agreement to establish a New Development Bank at the summit held in :

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Submitted by examrobotsa on

Q: 60 (CDS-I/2016)
BRICS leaders signed the agreement to establish a New Development Bank at the summit held in :

question_subject: 

Current Affairs

question_exam: 

CDS-I

stats: 

0,41,74,26,19,57,13

keywords: 

{'new development bank': [0, 0, 0, 1], 'brics leaders': [0, 0, 0, 1], 'durban': [1, 0, 1, 0], 'south africa': [16, 2, 21, 32], 'summit': [0, 0, 0, 1], 'agreement': [1, 0, 0, 0], 'india': [8, 1, 7, 13]}

The correct answer is option 3, Fortaleza, Brazil (2014). In 2014, the BRICS leaders signed an agreement to establish a New Development Bank during the summit that took place in Fortaleza, Brazil.

BRICS is an acronym that stands for Brazil, Russia, India, China, and South Africa. These five countries are known for their emerging economies and growing influence in the global arena. The establishment of the New Development Bank was a significant milestone for the BRICS nations as it aimed to provide a platform for these countries to fund infrastructure and sustainable development projects.

Alert - The correct answer should be option 3, Fortaleza, Brazil (2014).