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Quiz · iBRICS Summit and BRICS Financial Integration

Two Prelims-style questions on this topic from 6 September 2026. Choose an option to check yourself, then open the full note or today’s full quiz.

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News · iBRICS Summit and BRICS Financial Integration

Consider the following statements regarding the BRICS grouping and its financial initiatives:1.The original members of BRICS were Brazil, Russia, India, China, and South Africa.2.The iBRICS Summit focuses on linking national fast-payment systems, sovereign wealth deployment, and Central Bank Digital Currency (CBDC) interoperability.Which of the statements given above is/are correct?

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News · iBRICS Summit and BRICS Financial Integration

With reference to international financial mechanisms, what does 'Local Currency Settlement' primarily refer to?

Solution