Consider the following Assertion and Reason:
Assertion (A): BRICS was formed to promote cooperation among emerging economies.
Reason (R): It includes Brazil, Russia, India, China and South Africa as founding members.
Which of the following is correct with respect to the above?
Correct answer: C
Explanation
BRICS was indeed set up to deepen cooperation among major emerging economies, so the Assertion is true. The Reason is false because South Africa was not a founding member; the original 2009 grouping was BRIC (Brazil, Russia, India, China), and South Africa joined only in 2010. So the Assertion is correct but the Reason is incorrect.