Question

Read the following passage carefully and answer the questions given. Certain words/phrases are given in bold to help you locate them while answering some of the questions.
What effect did rise in economies of BRICS have on the global economy?

• A. It helped stabilise the global economy and insulate it from the fall out of the global financial crisis.
• B. Labour became more highly skilled and wages rose alarmingly reducing the off-shoring of jobs to developing countries.
• C. Though worldwide poverty rates tumbled, the gap between the rich and the poor in rich economies increased.
• D. The cost of living and level of inflation in these countries were maintained at low levels.
• E. All the given options are effects of the rise in BRICs economies.

Answer 1

The correct option is A It helped stabilise the global economy and insulate it from the fall out of the global financial crisis.

The rise in economies of BRICS have helped the global economy stabilise and insulate it from the fall out of the global financial crisis.