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Global Groupings and BRICS

1 UPSC Prelims MCQs tagged "Global Groupings and BRICS". Free practice with answer keys, explanations, and timed mock tests on Anantam IAS.

  1. Following its official expansion, the BRICS grouping has undergone a significant geopolitical transformation. Which…

    Following its official expansion, the BRICS grouping has undergone a significant geopolitical transformation. Which of the following statements best explains the most important strategic macroeconomic shift resulting from this expansion?

    1. AIt transformed the grouping into a formal military alliance functioning as a counterbalance to NATO.
    2. BIt made grouping the world's largest manufacturing bloc with direct control over global industrial supply chains.
    3. CIt significantly increased the grouping's influence over global energy markets by including major Middle Eastern petroleum-exporting countries.
    4. DIt created a compulsory common digital currency for all trade among member countries, replacing the United States Dollar.
    Answer and explanation

    Correct answer: C

    The BRICS expansion brought in major energy exporters from the Middle East such as the UAE, Iran and Egypt, sharply raising the bloc's combined share of global oil production and reserves. That is the real macroeconomic shift. BRICS is not a military alliance, has no compulsory common currency, and the supply-chain dominance claim in option (b) is overstated.