Which economic group includes Russia?

Which economic group includes Russia?

• A. BRICS
• B. G7
• C. OECD
• D. OPEC

Answer: (A)

This question tests knowledge of major international economic groupings and which country belongs to which. Russia is a member of BRICS, a group of five large emerging economies—Brazil, Russia, India, China, and South Africa—that collaborate on development and trade among rising powers. The other groups have different memberships: the G7 consists of developed economies (like the United States, Japan, Germany, and others) and Russia is not currently part of it (it was once in the G8, but that format was suspended). The OECD includes mostly high-income, developed countries, and Russia is not a member there either. OPEC is a cartel of oil-exporting countries, and Russia is not an official member, though it cooperates with OPEC through the broader OPEC+ arrangement. Therefore, the group that includes Russia is BRICS.

This question tests knowledge of major international economic groupings and which country belongs to which. Russia is a member of BRICS, a group of five large emerging economies—Brazil, Russia, India, China, and South Africa—that collaborate on development and trade among rising powers. The other groups have different memberships: the G7 consists of developed economies (like the United States, Japan, Germany, and others) and Russia is not currently part of it (it was once in the G8, but that format was suspended). The OECD includes mostly high-income, developed countries, and Russia is not a member there either. OPEC is a cartel of oil-exporting countries, and Russia is not an official member, though it cooperates with OPEC through the broader OPEC+ arrangement. Therefore, the group that includes Russia is BRICS.