Explanation:

• BRICS is an acronym for Brazil, Russia, India, China, and South Africa. In 2001, Jim O’Neill, an economist at Goldman Sachs, came up with the term “BRIC” (without South Africa).

• The Fortaleza Declaration is related to the affairs of the five countries associated with the BRICS. As a part of the Fortaleza Declaration, these countries agreed on creating a US$100 billion New Development Bank (NDB) to allow the countries to bring in resources for economic stabilisation.

Hence only statement 2nd is correct.