MCQs - 2026-04

A significant objective of exploring a common payment system or currency is to decrease the dependence on the US Dollar in international trade and finance among BRICS nations.

The NDB primarily finances infrastructure and sustainable development projects, aligning with the Sustainable Development Goals (SDGs).

The New Development Bank (NDB) was established by the BRICS member states.

The original founding members of BRICS were Brazil, Russia, India, China, and South Africa. The bloc has since expanded.

NDCs are the climate targets set by individual countries to reduce their greenhouse gas emissions and adapt to climate change, as part of the Paris Agreement.

The primary goal of the Paris Agreement is to limit the global average temperature increase to well below 2 degrees Celsius, preferably to 1.5 degrees Celsius, compared to pre-industrial levels.

The Loss and Damage fund is designed to provide financial assistance to developing countries that are already experiencing severe and irreversible impacts of climate change.

The key areas of focus for COP31 are climate finance and the operationalization of the Loss and Damage fund.

COP is the abbreviation for Conference of the Parties, the supreme decision-making body of the UNFCCC.

A prolonged crisis in Myanmar risks a worsening humanitarian situation and potential spillover effects on regional security, including increased refugee movements.