The correct answer is option (4) - 2006
The term "BRIC" was initially coined by economist Jim O'Neill in 2001.
In 2006, Brazil, Russia, India and China created the "Bric" group. South Africa joined in 2010, making it "Brics".
BRICS is an acronym that stands for an association of five major emerging economies: Brazil, Russia, India, China, and South Africa. These countries, which are spread across four continents, are known for their significant influence on regional and global affairs, as well as their rapidly growing economies.
Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates joined the organization on 1 January 2024. |
