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    Question

    With reference to the BRICS, consider the following statements:

    1.    The chairmanship of the forum is rotated annually among the members, in accordance with the acronym B-R-I-C-S.

    2.    The Fortaleza Declaration resulted in the establishment of a New Development Bank (NDB)

    3.    The Zaranj -Delaram highway in Afghanistan was built by India by taking financial assistance from NDB of BRICS.

    How many statements above are not correct?

    A Only one Correct Answer Incorrect Answer
    B Only two Correct Answer Incorrect Answer
    C Only three Correct Answer Incorrect Answer
    D None Correct Answer Incorrect Answer

    Solution

    The Government of India has further approved Rs. 377.47 crores (aprox. US$ 84 m over and above US$ 100 m) for upgradation/ reconstruction of the road from Zaranj to Delaram in Afghanistan. India is contributing US $ 200,000 per annum to the World Bank managed Afghan Reconstruction Trust Fund.

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