The correct answer is Option 3: 2006
The term BRICS refers to Brazil, Russia, India, China, and South Africa respectively.
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BRIC (Brazil, Russia, India, China) was founded in 2006 when the foreign ministers of the four countries met on the sidelines of the United Nations General Assembly in New York.
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The term BRIC was originally coined by economist Jim O'Neill in 2001, but the first official meeting marking the formation of BRIC as a diplomatic group took place in 2006.
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After a series of high level meetings, the 1st BRIC summit was held in Yekaterinburg, Russia on 16 June 2009
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Later, in 2010, South Africa joined the group, turning BRIC into BRICS.
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