A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Correct answer: (a) 1 only
Explanation
Statement 1 is correct as BRICS business groups focus on trade facilitation and removing non-tariff barriers. Statement 2 is incorrect because the Global South broadly refers to developing countries in Africa, Latin America, and Asia, not Eastern Europe.
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