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    Question

    Which initiative established by BRICS aims to support the financial stability of its member nations during short-term balance of payments pressures?

    A BRICS Space Exploration Consortium Correct Answer Incorrect Answer
    B New Development Bank (NDB) Correct Answer Incorrect Answer
    C International Big Cat Alliance Correct Answer Incorrect Answer
    D BRICS Remote Sensing Satellite Constellation Correct Answer Incorrect Answer
    E Contingent Reserve Arrangement Correct Answer Incorrect Answer

    Solution

    Explanation: The Contingent Reserve Arrangement is an initiative established by BRICS to support the financial stability of its member nations during short-term balance of payments pressures. It provides mutual support among BRICS nations in times of financial need.

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