Question 1

According to statements made in early June 2026 at the St. Petersburg International Economic Forum, what percentage of global GDP, measured by purchasing power parity, do BRICS nations now account for?

Accepted Answer

Nearly 40%

Question 2

In May 2026, the BRICS Foreign Ministers' meeting in New Delhi focused on several key issues. Which of the following was highlighted as a central concern for member states regarding global energy markets?

Accepted Answer

Disruptions around Gulf shipping routes and the Strait of Hormuz

Question 3

As of May 2026, the New Development Bank (NDB) has set a target for its lending portfolio to be denominated in local currencies of BRICS countries. What percentage is this target for 2026?

Accepted Answer

30%

Question 4

Recent discussions in June 2026 at the St. Petersburg International Economic Forum highlighted BRICS' growing strength in technology. Which of the following areas was specifically mentioned as a leadership area for China within BRICS' high-tech exports?

Accepted Answer

Artificial intelligence patents

Question 5

In the context of BRICS expansion and economic re-alignment, which of the following countries, among others, joined the bloc in January 2024, significantly increasing its representation in the Middle East?

Accepted Answer

Saudi Arabia

Question 6

As of May 2026, the BRICS Pay platform is in development with a planned launch for 2026. Which country's central bank is leading the technical coordination for this initiative?

Accepted Answer

India

Question 7

Russian President Vladimir Putin stated in early June 2026 that BRICS nations generated what portion of global economic growth over the past five years?

Accepted Answer

Nearly 49%

Question 8

The BRICS Foreign Ministers' Meeting in New Delhi in May 2026 discussed various issues. Which of the following was NOT explicitly mentioned as a central theme for the meeting or the subsequent summit?

Accepted Answer

Space exploration initiatives

Question 9

In May 2026, Uzbekistan signed onto the BRICS New Development Bank. What is a primary concern raised regarding the bank's lending practices in local currencies, according to some analyses?

Accepted Answer

Lending is primarily in Chinese Renminbi and Rand, not Uzbek som.

Question 10

In early February 2026, India finalized two landmark trade agreements. Which of these agreements was referred to as the 'Father of All Deals' due to its scale and the radical reset it demanded of India's energy and diplomatic posture?

Accepted Answer

The US-India trade deal

BRICS Economic Surge: De-Dollarization, AI Dominance, and Africa's Rise in May 2026 Financial News

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