SCO & BRICS — Set 3
World Organizations · SCO और BRICS · Questions 21–30 of 60
The New Development Bank (NDB) officially admitted which country as a new member in 2021, despite it not being a BRICS member at that time?
Correct Answer: A. Egypt
Egypt was admitted as a member of the NDB in 2021. It subsequently became a full member of the BRICS political group in 2024. The NDB is open to all UN member states, allowing non-BRICS nations to participate in its capital.
What is the primary objective of the SCO Interbank Consortium established in 2005?
Correct Answer: B. Supporting regional investment projects
The SCO Interbank Consortium was created to organize a mechanism for financing and banking services for investment projects. It helps in the economic integration of member states by providing credit facilities. The consortium consists of authorized development banks from each member nation.
Which country currently serves as the permanent observer of the SCO and has applied for full membership?
Correct Answer: C. Mongolia
Mongolia has held observer status in the SCO since 2004. It was the first country to be granted this status by the organization. While many other observers have moved to full membership, Mongolia continues to maintain its observer position.
The 'BRICS Pay' system is being developed to achieve which goal?
Correct Answer: D. Facilitating payments in local currencies
BRICS Pay is a decentralized payment system aimed at facilitating trade in national currencies. It seeks to reduce the dependence on the US Dollar for international transactions. This digital payment platform is part of the group's broader de-dollarization efforts.
Which mountain range is often cited as a symbolic link between the Central Asian members of the SCO?
Correct Answer: A. Pamir Mountains
The Pamir Mountains are a key geographical feature connecting several SCO member states like Tajikistan and Kyrgyzstan. They are often referred to as the 'Roof of the World'. This region is strategically important for the security and connectivity goals of the SCO.
In which year was the BRICS Vaccine Research and Development Center officially launched?
Correct Answer: B. 2022
The BRICS Vaccine R&D Center was launched in March 2022. The initiative was spearheaded by India during its 2021 chairmanship to enhance health security. It aims to share knowledge and resources for vaccine development among member nations.
The 'Samarkand Declaration' of 2022 highlighted the importance of which transport corridor for SCO members?
Correct Answer: C. International North-South Transport Corridor
The Samarkand Declaration emphasized the International North-South Transport Corridor (INSTC). This corridor connects India to Russia and Europe through Central Asia and Iran. Strengthening this route is vital for the transit and trade goals of SCO member states.
The BRICS Business Council was established in 2013 during a summit held in which country?
Correct Answer: D. South Africa
The BRICS Business Council was launched during the 5th BRICS Summit in Durban, South Africa. It serves as a platform to promote business and trade ties between the private sectors of the member states. The council consists of five members from each nation representing various industry sectors.
Which of these is NOT considered one of the 'Three Evils' that the SCO aims to combat?
Correct Answer: A. Climate Change
The SCO specifically focuses on combating Terrorism, Separatism, and Extremism. These are officially termed as the 'Three Evils' in the organization's charter. While climate change is a concern, it is not part of this core security definition.
The 'Fortaleza Declaration' is famous for the creation of which specific institution?
Correct Answer: B. New Development Bank
The Fortaleza Declaration was signed in 2014 in Brazil by BRICS leaders. It officially announced the establishment of the New Development Bank (NDB). It also included the agreement for the Contingent Reserve Arrangement (CRA).