Q5 · UPSC current affairs · 12 September 2026 · News · BRICS Business Forum and Global Trade Barriers

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Consider the following statements regarding BRICS business mechanisms:1.BRICS business mechanisms primarily focus on intra-group trade facilitation and removing non-tariff barriers.2.The term 'Global South' exclusively refers to lower-income countries located in Eastern Europe.Which of the statements given above is/are correct?

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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