Recently, Russian President Vladimir Putin proposed the creation of a BRICS grain exchange during a summit with BRICS leaders in October 2024. Which of the following statements is incorrect about BRICS?
1
The first BRIC Summit took place in 2009
2
The full form of BRICS is Brazil, Russia, India, China, and South Africa.
3
Brazil, Russia, India, China, and South Africa are the only current members of BRICS
4
The headquarters of the BRICS is in Shanghai
5
None of the above