How much was trade among BRICS countries in 2024, as told to the BRICS Business Forum?
- A.About USD 84 billion
- B.About USD 500 billion
- C.Nearly USD 1.2 trillion
- D.Nearly USD 3 trillion
Correct answer
Explanation
The correct answer is nearly USD 1.2 trillion. Commerce Secretary Rajesh Agrawal told the opening session that trade among the BRICS countries had risen from USD 84 billion in 2003 to nearly that level by 2024, and he used the figure to argue that the grouping is a significant and fast growing market. Option A is wrong because that is the earlier figure, the base for the comparison rather than the latest number; mixing up the two ends of a growth statement is the commonest trap in such questions. Option B is wrong because no such figure is given anywhere in the release. Option D is wrong for the same reason, and it also overstates the growth described. Remember the pair as a single fact with its two years attached, and remember alongside it that the grouping accounts for nearly one fourth of global trade.
Read the full article: BRICS Business Forum 2026 Held in Delhi as Group Turns 20
Practice Questions
What is the theme of India's BRICS Chairship, named at the BRICS Business Forum 2026?
- A.One Earth, One Family, One Future
- B.Building for Resilience, Innovation, Cooperation and Sustainability
- C.Strengthening Multilateralism for Shared Prosperity
- D.Inclusive Growth for a Sustainable Planet
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The Prime Minister named this theme while addressing the BRICS Business Forum in New Delhi, and said India had made the same mantra the base of its economic and trade policy over the past twelve years.
Read the full explanation →In which year was the BRICS grouping launched, as stated at the BRICS Business Forum 2026?
- A.2003
- B.2006
- C.2009
- D.2014
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The Prime Minister said the group was launched in that year with only four countries, and that the Forum was being held in the year the grouping completes twenty years.
Read the full explanation →Who is the Minister of State for Coal and Mines who spoke at the 4th Conference of Mining Ministers in Goa?
- A.Keshav Chandra
- B.Satish Chandra Dubey
- C.G. Kishan Reddy
- D.Pralhad Joshi
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At the conference he stressed that States must make collective efforts to speed up mining initiatives and help the country become self-reliant in minerals.
Read the full explanation →At the 4th Conference of Mining Ministers, Union Minister G. Kishan Reddy called for faster mineral exploration mainly in view of the growing demand for which category of minerals?
- A.Fuel minerals such as coal
- B.Minor minerals
- C.Critical minerals
- D.Atomic minerals
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Speaking at the conference in Goa, Union Minister of Coal and Mines G. Kishan Reddy said the Centre and the States must work together to expedite mineral exploration, particularly because demand for critical minerals is growing.
Read the full explanation →Where was the 4th Conference of Mining Ministers, which concluded in November 2026, held?
- A.Bhubaneswar
- B.Goa
- C.Hyderabad
- D.Ranchi
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The Ministry of Mines reported on 6 November 2026 that the two-day 4th Conference of Mining Ministers had concluded in Goa, where Union Coal and Mines Minister G. Kishan Reddy urged the Centre and the States to work together to speed up mineral exploration.
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