With reference to BRICS, consider the following statements: 1. The Chairmanship of the forum rotates biannually between the members. 2. Currently India is holding the chairmanship for the first time. Which of the statements given above is/are incorrect?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C

Notes:

Statement 1 is incorrect: The Chairmanship of the forum rotates annually between the member states, in accordance with acronym BRICS.

Statement 2 is incorrect: India was chair in 2012 and 2016 too. Currently India is holding the chairmanship for third time.

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