The 'Fortaleza Declaration', recently in the news, is related to the affairs of
- (a) ASEAN
- (b) BRICS ✓ UPSC's answer
- (c) OECD
- (d) WTO
Why the answer is (b)
• The Fortaleza Declaration was issued at the sixth BRICS summit at Fortaleza, Brazil, in July 2014, announcing the New Development Bank (US$ 50 billion) and the Contingent Reserve Arrangement (US$ 100 billion) — option (b).
• ASEAN (a), OECD (c) and WTO (d) hold their summits elsewhere and issued no such declaration.
• Hence option (b).
Why the other options are wrong
- (a) ASEAN
- ASEAN did not issue the Fortaleza Declaration.
- (c) OECD
- OECD did not issue it.
- (d) WTO
- WTO did not issue it.
Asked in the GS Paper I of the UPSC Civil Services Preliminary Examination 2015, held on 23 August 2015. Question and answer key: Union Public Service Commission. Explanation: UPSC Answer Check.