NDB: CRA - Diplomacy and International relations

Q.  Which of the following statements is / are correct?

1. Member countries will initially contribute $10 billion each for Contingent Reserve Arrangement
2. BRICS could lend up to $34 billion per year.
- Published on 10 Jul 15

a. Only 1
b. Only 2
c. Both 1 and 2
d. None of the above

ANSWER: Only 2
 
CRA will be a $100 billion pool, with maximum $41 billion coming from China. India’s contribution of $18 billion to the Pool will be same as that of Brazil and Russia. South Africa would chip in $5 billion.

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