Comprehension

Chinese President Xi Jinping and Indian Prime Minister Narendra Modi used a BRICS summit in Russia recently to showcase ambitions for a more harmonious relationship between the world's two most populous countries after years of animosity.
The meeting between Xi and Modi, who have not held formal talks for five years, was one highlight of a summit. BRICS also gave an opportunity to the Russian President Vladimir Putin for showcasing that the West had failed to isolate Russia over the Ukraine war. 
A final communique listed a number of projects aimed at facilitating trade between BRICS nations including an alternative payment system to the dollar but did not include details or timelines. 
Just two days after New Delhi announced that it had reached a deal with Beijing to resolve a four-year military stand-off on their disputed Himalayan frontier, Xi told Modi that they should enhance communication and cooperation and effectively manage differences. 
BRICS - an idea thought up inside Goldman Sachs two decades ago to describe the growing economic clout of China and other major emerging markets - is now a group that accounts for 45% of the world's population and 35% of the global economy. 
Former Goldman Sachs economist Jim O'Neill, who coined the BRIC term in 2001, told Reuters that he had little optimism for the BRICS club as long as China and India remained so divided. 
"It seems to me basically to be a symbolie annual gathering where important emerging countries, particularly noisy ones like Russia, but also China, can basically get together and highlight how good it is to be part of something that doesn't involve the U.S. and that global governance isn't good enough," 
The 43-page final communique from the summit ranged from geopolitics and narcoties to artificial intelligence and even the preservation of Big Cats, but lacked detail on some major issues. It mentioned Ukraine just once. 
(Excerpts from "Putin scores a BRICS win with rare Xi and Modi show of harmony" By Vladimir Soldatkin and Guy Faulconbridge, Reuters, October 23, 2024)

Question: 1

Which statement reflects as a critique from the Western establishment?

Updated On: Dec 1, 2024
  • BRICS currency cannot displace Dollars
  • Asian economies will not impact Western economy
  • India-China conflicts will impact progress of BRICS
  • All of the above
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The Correct Option is C

Solution and Explanation

The excerpt mentions Jim O’Neill, a Western economist, expressing pessimism about the BRICS alliance as long as India and China remain divided. This indicates that conflicts between these two nations hinder the bloc’s progress.
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Question: 2

The emergence of BRICS signals:

Updated On: Dec 1, 2024
  • Asian consolidation of economic power
  • Diminishing European dominance
  • Revival of Nonaligned movement
  • A geopolitics without US dominance
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The Correct Option is D

Solution and Explanation

The passage highlights BRICS as a platform where emerging economies can collaborate without the U.S., emphasizing their dissatisfaction with current global governance and showcasing alternatives to Western-led institutions.
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Question: 3

Which one of the below is an outcome of 16th BRICS meeting?

Updated On: Dec 1, 2024
  • Proposal to end Russia-Ukraine war
  • To expand BRICS by including Scandinavian countries
  • To reassign China’s claim of Taiwan
  • Reducing tension between India and China
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The Correct Option is D

Solution and Explanation

The passage notes a significant event where Xi and Modi discussed resolving a four-year military standoff, marking a move toward reducing tensions between the two countries.
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Question: 4

The 16th BRICS achieved the following:

Updated On: Dec 1, 2024
  • Launch of BRICS currency
  • De-escalation of Russian-Ukrainian conflict
  • Diplomatic dialogue between India and China
  • All of the above
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The Correct Option is C

Solution and Explanation

While the summit’s communiqué lacked specifics on major issues like currency or conflict resolution, it achieved diplomatic progress through talks between India and China, addressing their long-standing military standoff.
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Question: 5

What does the letter “S” in BRICS stand for?

Updated On: Dec 1, 2024
  • Saudi Arabia
  • Singapore
  • South America
  • South Africa
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The Correct Option is D

Solution and Explanation

The acronym BRICS represents Brazil, Russia, India, China, and South Africa. The “S” specifically refers to South Africa, which joined the group in 2010.
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Question: 6

The initiative of Big Cats Alliance refers to:

Updated On: Dec 1, 2024
  • Lions, Tigers and Jaguar
  • Tigers, Jaguar and Leopard
  • Lions, Cheetah and Snow Leopard
  • All of the above
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The Correct Option is D

Solution and Explanation

The text mentions the preservation of big cats as part of the BRICS agenda, including lions, tigers, jaguars, cheetahs, leopards, and snow leopards. Therefore, all the options are included under the initiative.
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