INTERNATIONAL
International Summits
India to Host BRICS Foreign Ministers' Meeting in New Delhi
India will host the BRICS Foreign Ministers' Meeting on May 14-15, 2026, in New Delhi under its current BRICS Presidency.
The meeting will be chaired by External Affairs Minister S. Jaishankar and will focus on the theme 'Building for Resilience, Innovation, Cooperation and Sustainability'.
This marks the fourth time India is serving as the chair of the BRICS grouping since its inception.
Key discussions are expected to revolve around multilateralism, economic recovery, and the inclusion of new members in the BRICS+ framework.
The meeting will be chaired by External Affairs Minister S. Jaishankar and will focus on the theme 'Building for Resilience, Innovation, Cooperation and Sustainability'.
This marks the fourth time India is serving as the chair of the BRICS grouping since its inception.
Key discussions are expected to revolve around multilateralism, economic recovery, and the inclusion of new members in the BRICS+ framework.
Key Facts / Static GK
BRICS Formation: June 2009
First BRICS Summit Location: Yekaterinburg, Russia
BRICS Members (as of 2026): Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, UAE
First BRICS Summit Location: Yekaterinburg, Russia
BRICS Members (as of 2026): Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, UAE
Practice Quiz — 13 May 2026
Q1. As per the latest RBI Master Direction, what is the maximum penalty for repeated violations regarding the refusal to exchange mutilated or soiled notes?
Answer: (D) Rs 5,00,000 — While the initial penalty for a single deficiency is Rs 10,000, it can rise to a maximum of Rs 5 lakh for repeated violations by a bank.
Q2. Under the new guidelines, what is the maximum daily limit for free exchange of soiled notes at any bank branch?
Answer: (B) 20 pieces or Rs 5,000 — RBI allows free exchange of soiled notes for up to 20 pieces or a total value of Rs 5,000 per day over the counter.
Q3. Which of the following statements regarding the VB-G RAM G Act is incorrect?
Answer: (C) The Centre funds 100% of unskilled wages for all states. — Unlike MGNREGA, where the Centre funded 100% of unskilled wages, the new Act introduces a cost-sharing model (e.g., 60:40 for general states and 90:10 for Himalayan/NE states).
Q4. Who was sworn in as the 13th Chief Minister of Tamil Nadu in May 2026?
Answer: (C) Joseph Vijay — C. Joseph Vijay, leading the TVK party, took the oath as the 13th CM of Tamil Nadu, succeeding M.K. Stalin.
Q5. From July 1, 2026, if an educational institution wants to use stock price data for classroom demonstration for free, what is the minimum required time lag as per SEBI?
Answer: (D) 30-day lag — SEBI has standardized the delay to 30 days for educational use to simplify the earlier framework of 1-day/3-month lags.
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