What is the primary purpose of the BRICS Startup Knowledge Hub launched in 2025?
- (a)Financial trade platform
- (b)Startup knowledge repository
- (c)Cultural archive
- (d)Capital control system
Answer
Why
Correct — B. The BRICS Startup Knowledge Hub was launched on 31 January 2025 as part of the BRICS Startup Forum, and Startup India describes it as the first-ever BRICS Startup Knowledge Repository.
It lets startups, investors and incubators of BRICS countries exchange knowledge and learn each other's startup ecosystems → option (b).
Why the others are wrong
- (a)Financial trade platform — Financial trade platform misreads the word hub. This hub deals in information about startup ecosystems, not in money, goods or trade deals.
- (c)Cultural archive — Cultural archive misses the subject named in the title. The hub collects knowledge on BRICS startup ecosystems, not heritage or cultural records.
- (d)Capital control system — Capital control system names a policy tool governments use to restrict money flows. A knowledge repository for startups controls nothing.
Concept
BRICS began as Brazil, Russia, India and China, added South Africa, and has admitted further members since 2024. Beyond summits and its New Development Bank, the grouping cooperates on narrower tracks, and startups are one of them.
The Knowledge Hub is a digital gateway: one place where entrepreneurs, investors and incubators in member countries can learn about each other's startup ecosystems.
Key facts
- The BRICS Startup Knowledge Hub was launched on 31 January 2025 as part of the BRICS Startup Forum.
- Startup India calls it the first-ever BRICS Startup Knowledge Repository.
- Its aim is to connect startups, investors, incubators and entrepreneurs across BRICS countries.
Study next
Common traps
- Reading hub as a trading or financial platform. This hub's stock-in-trade is knowledge about startup ecosystems.
- Confusing it with the New Development Bank, BRICS's lender. The Knowledge Hub is a repository, not a lender.
BRICS institutions are also asked at 14 Sep 2025, 12:30 PM, GA Q.6 (the New Development Bank's Americas Regional Office, keyed São Paulo) and 19 Jan 2026, 11:00 AM, GA Q.3 (the 2014 Fortaleza Declaration, keyed the Contingent Reserve Arrangement).
Related PYQs
No directly related past PYQ was found.