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Umeh Anthony

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    Umeh Anthony

    a year ago

    Congratulations to Emeka Sunday for winning the previous quiz 👏 TRIVIA QUESTION ⁉️ ⁉️ What is BRICS all about?What’s the full meaning of BRICS?Countries currently under BRICS?What are the Countries that was recently invited to join BRICS by an African president, and who is the president?You can explain everything with one paragraph or you can answer separately. Just login, answer and win 2k daily 👏 👌

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    • 1,BRICS is an acronym for Brazil, Russia, India, China, and South Africa. The term was initially created as BRIC (without South Africa) by Goldman Sachs economist Jim O’Neill in 2001. He believed that by 2050 the four BRIC economies would come to dominate the global economy. South Africa was added to the list in 2010.

      2,BRICS” is the acronym denoting the emerging national economies of Brazil, Russia, India, China and South Africa. The term was originally coined in 2001 as “BRIC” by the Goldman Sachs economist Jim O’Neill in his report, Building Better Global Economic BRICs (Global Economics Paper No: 66).

      3, Brazil, Russia, India, China, South Africa ,Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates

      4,Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates have all been invited to become members of BRICS, said South African President Cyril Ramaphosa, who hosted a three-day summit of the emerging markets group in Johannesburg this week.

      • You’re very correct big guy.
        Congratulations on winning the quiz 👏
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    • 1,BRICS is a grouping of five major emerging economies that have been working together to promote economic cooperation and development. The name “BRICS” is an acronym that stands for the member countries: Brazil, Russia, India, China, and South Africa. While the BRICS countries share many similarities, such as being major emerging economies, they also have some important differences. For example, while Brazil and Russia are resource-rich countries, India and China are largely service-based economies. The BRICS group has also expanded beyond its original focus on economics to include areas such as political and cultural cooperation.

      2,BRICS stands for “Brazil, Russia, India, China, and South Africa.” Each letter represents one of the member countries of the BRICS group. It’s important to note that the “C” in BRICS does not stand for “China” specifically, but rather for “ChinA.” This is because the group was originally called “BRIC,” which stood for “Brazil, Russia, India, and China.” When South Africa joined the group in 2010, the “C” was changed to include South Africa as well.

      3,Currently, the BRICS group consists of the five countries I mentioned earlier: Brazil, Russia, India, China, and South Africa. These countries are sometimes referred to as the “BRICS nations” or the “BRICS countries.” It’s worth noting that BRICS is not a formal organization, but rather an informal group of countries that cooperate on a range of issues. There is no BRICS headquarters, and the group does not have a formal charter or constitution. Instead, the BRICS countries work together through various forums and mechanisms.

      4, Namibian President Hage Geingob invited several African countries to join the BRICS group. These countries include Nigeria, Kenya, Egypt, Morocco, and Algeria. Geingob argued that these countries are “strategically positioned” to join the BRICS group and that their membership would be “beneficial” for all involved. However, it’s important to note that these countries have not yet been formally invited to join the BRICS group, and the process for joining the group can be lengthy and complex.

      • I appreciate your input but you’re wrong about the last question.
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    • 1,The acronym BRIC, which did not initially include South Africa, was coined in 2001 by then Goldman Sachs chief economist Jim O’Neill in a research paper that underlined the growth potential of Brazil, Russia, India and China.

      The bloc was founded as an informal club in 2009 to provide a platform for its members to challenge a world order dominated by the United States and its Western allies.

      Its creation was initiated by Russia.

      The group is not a formal multilateral organisation like the United Nations, World Bank or the Organisation of the Petroleum Exporting Countries (OPEC).

      The heads of state and government of the member nations convene annually with each nation taking up a one-year rotating chairmanship of the group.

      2,BRICS is an acronym for Brazil, Russia, India, China, and South Africa. The term was initially created as BRIC (without South Africa) by Goldman Sachs economist Jim O’Neill in 2001. He believed that by 2050 the four BRIC economies would come to dominate the global economy. South Africa was added to the list in 2010.

      3,Brazil, Russia, India, China and South Africa — contained a few surprises, the biggest being the addition of Iran, which joined three other Middle Eastern states: Saudi Arabia, the United Arab Emirates and Egypt.

      4,Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates have all been invited to become members of BRICS, said South African President Cyril Ramaphosa, who hosted a three-day summit of the emerging markets group in Johannesburg this week.

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