Question

UPSC Prelims 2015 Question:

The 'Fortaleza Declaration', recently in the news, is related to the affairs of

  1. 1. ASEAN
  2. 2. BRICS
  3. 3. OECD
  4. 4. WTO

Answer (Detailed Solution Below)

Option 2: BRICS

Detailed Solution

Explanation:

Fortaleza Declaration: It was the outcome of the Sixth BRICS Summit in Fortaleza, Brazil, in 2014 and  included several key points. The New Development Bank is a multilateral development bank founded by the BRICS countries in 2014 at the 6th BRICS Summit in Fortaleza, Brazil. 

  • New Development Bank 
    • It was established to support infrastructure and sustainable development efforts in the BRICS and other underserved emerging economies in order to achieve faster development through innovation and cutting-edge technology. 
    • Its headquarters are in Shanghai, China. The NDB was granted observer status in the United Nations General Assembly in 2018, laying the groundwork for active and fruitful cooperation with the UN.
Knowledge Box 
  • BRICS is an acronym for the world's leading emerging economies, which include Brazil, Russia, India, China and South Africa. 
    • The term BRIC was coined in 2001 by British economist Jim O'Neill to describe the four emerging economies of Brazil, Russia, India, and China. The grouping was formalized at the first BRIC Foreign Ministers' meeting in 2006. 
    • South Africa was invited to join BRIC in December 2010, after which the acronym BRICS was adopted. 
    • The BRICS group brings together five of the world's largest developing countries, representing 41% of the global population, 24% of global GDP, and 16% of global trade.
    • The chairmanship of the forum is rotated among the members on an annual basis, using the acronym B-R-I-C-S.

Therefore, option (2) is the correct answer.

Subject: Economics | Miscellaneous(eco)

Latest UPSC Exam 2026 Updates

Last updated on August, 2026

→ UPSC Mains 2026 will be conducted on 21st, 22nd, 23rd, 29th and 30th August 2026.

→ Check out the latest UPSC Syllabus 2026 here.

→ UPSC Mains Admit Card 2026 is expected to be released in early August at upsc.gov.in or upsconline.nic.in

→ Enroll in Vajiram & Ravi’s UPSC Mains Test Series 2027 for structured answer writing practice, expert evaluation, and exam-oriented feedback.

→ Join Vajiram & Ravi’s UPSC Mentorship Program 2027 for personalized guidance, strategy planning, and one-to-one support from experienced mentors.

→ Go through the UPSC Mains Previous Year Papers to enhance your preparation.

→ Download UPSC Mains Essay Paper 2025, UPSC Mains GS Paper-I 2025, UPSC Mains GS Paper-II 2025, UPSC Mains GS Paper-III 2025, UPSC Mains GS Paper-IV 2025, UPSC Mains English (Compulsory) Paper 2025, UPSC Mains Hindi (Qualifying) Paper 2025 here.

→ UPSC has released UPSC Toppers List 2025 with the Civil Services final result on its official website.

→ UPSC Calendar 2027 has been released.

→ Also check Best UPSC Coaching in India

Tags: current affairs UPSC Prelims 2015 UPSC Prelims 2015 Question:

Abhishek Singh
Abhishek Singh is an SEO Specialist and content strategist with over 4.5 years of experience in driving organic growth across education and service-based industries. He specializes in on-page SEO, technical SEO, content optimization, and data-driven strategies that improve search visibility and organic traffic. His work focuses on creating accurate, well-researched, and search-optimized content that helps students, professionals, and online audiences find reliable information. By combining SEO expertise with a strong understanding of search intent and evolving search technologies, he works to build content that delivers visibility, engagement, and long-term trust.
Our Latest UPSC Courses
UPSC GS Course 2026
UPSC GS Course 2026
₹1,80,000
Enroll Now
GS Foundation Course 2 Yrs
GS Foundation Course 2 Yrs
₹2,45,000
Enroll Now
UPSC Mentorship Program
UPSC Mentorship Program
₹85000
Enroll Now
UPSC Sureshot Mains Test Series
UPSC Sureshot Mains Test Series
₹27000
Enroll Now
Prelims Powerup Test Series
Prelims Powerup Test Series
₹14000
Enroll Now
Enquire Now