Multiple Choice Questions on With reference to the Kazan Declaration recently adopted at the BRICS Summit consider the following ........... for UPSC Civil Services Examination (General Studies) Preparation

Back to Main Page

Multiple Choice Questions

With reference to the Kazan Declaration recently adopted at the BRICS Summit consider the following ...........

International Affairs International Institutions
    Download Solution PDF

    With reference to the Kazan Declaration, recently adopted at the BRICS Summit, consider the following statements

    1. It highlights the benefits of conducting trade in local currencies among BRICS countries to reduce reliance on the U.S. dollar.

    2. The BRICS Grain Exchange initiative plans to establish a grain trading platform and subsequently develop it by expanding to other agricultural sectors.

    3. The declaration advocate for forming regional alliances for addressing global challenges.

    Which of the statements given above are correct?

    1&2 only

    Correct Answer

    2&3 only

    Incorrect Answer

    1&3 only

    Incorrect Answer

    All of the above

    Incorrect Answer
    छोटे Courses बड़े Results
    Master International Institutions
    Prepare through Micro-courses
    Try Now
    Explanation:

    Only statements 1&2 are correct.

    • Statements 1 and 2 are correct. The Kazan Declaration emphasizes the use of local currencies in financial transactions between BRICS countries and their trading partners to strengthen trade and financial settlements, thereby reducing reliance on the U.S. dollar. The Kazan Declaration welcomes the initiative to establish a BRICS Grain Exchange and mentions plans to expand it to other agricultural sectors. 

    • Statement 3 is incorrect. The declaration focuses on strengthening multilateralism, enhancing BRICS solidarity, and reforming international financial architecture for addressing global challenges.

    Hence option 1st is correct.

    By: Shubham Tiwari
    ProfileResources

    Let's Discuss

    Master
    International Institutions
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free