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Consider the following statements about BRICS:
1) The New Development Bank (formerly BRICS Development Bank) has been set up by the BRICS nations.
2) The BRICS members are all fast developing or newly industrialized counries which are distinguished by their large economies and significant influence on regional affairs.
3) The first BRICS summit was held in the year 2006.
Which of the above statements is/are correct?

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An Intiative by Sri Chaitanya

1 and 2 only

1, 2 and 3

1 only

3 only

answer is B.

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