There are two statements, one labelled as Assertion (A) and the other labelled as Reason (R):
Assertion (A): BRICS is an association of 5 major emerging economies, i.e., Brazil, Russia, India, China and South Africa.
Reason (R): The idea of BRICS was first conceived by a British Economist and the then Chairman of the Goldman Sachs Association, Jim O’ Neill in 1996 to describe
the five emerging economies of Brazil, Russia, India, China and South Africa
Choose the correct option:
1
Both (A) and (R) are true and (R) is the correct explanation of (A).
2
Both (A) and (R) are true but (R) is not the correct explanation of (A)
3
(A) is true but (R) is false.
4
(A) is false but (R) is true