Question 1

Which of the following initiatives is a key component of the BRICS nations' strategy to reduce reliance on the US dollar and Western-dominated payment systems, facilitating direct settlement between national digital currencies?

Accepted Answer

The interconnectedness of existing national CBDCs through platforms like BRICS Pay.

Question 2

As of mid-2025, which BRICS nations are identified as leaders in integrating digital currency practices into their legal frameworks, achieving significant milestones in CBDC development?

Accepted Answer

China, Brazil, India, and Russia.

Question 3

According to a study by Yakov and Partners (November 2024), nearly 70% of the potential impact of Generative AI integration into BRICS+ economies is expected to be concentrated in which six key industries?

Accepted Answer

Banking, Retail, Engineering, Energy, Electronics, and IT.

Question 4

What is the primary driver identified for the BRICS e-commerce retail market's rapid expansion, in addition to massive populations and rising incomes?

Accepted Answer

The widespread expansion of digital infrastructure.

Question 5

In the context of cross-border payments, what advantage does the proposed BRICS Clear system, potentially benefiting from Project mBridge, aim to offer over SWIFT?

Accepted Answer

Reduced transaction times from days to instantaneous settlement and lower costs.

Question 6

Which BRICS nation is actively developing a 'sovereign' AI ecosystem, integrating technologies into governance, business, and daily life, and aims to become a global AI leader by 2030?

Accepted Answer

China

Question 7

What is a significant concern for cybersecurity in BRICS countries as highlighted in recent analyses, particularly in relation to Artificial Intelligence?

Accepted Answer

The effective use of neural networks by hackers to automate attacks.

Question 8

Regarding e-commerce revenue and growth, how did BRICS compare to NAFTA in 2024, and what was the projected revenue for BRICS e-commerce by 2029?

Accepted Answer

BRICS had higher revenue and faster growth; projected to surpass $3 trillion by 2029.

Question 9

What is the projected economic potential for generative AI technologies in BRICS+ countries by 2030, according to a study by Yakov and Partners?

Accepted Answer

USD 350-600 billion

Question 10

As of mid-2025, what is the stated goal of China's digital yuan (e-CNY) initiatives, particularly in alignment with BRICS de-dollarization strategies?

Accepted Answer

To offer interest incentives to promote its use as a settlement currency.

BRICS Digital Economy Disruption: CBDCs, AI Dominance, and E-Commerce Surges Challenge Global Norms

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