With reference to a grouping of countries known as BRICS, co

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With reference to a grouping of countries known as BRICS, consider the following statements :

1. The First Summit of BRICS was held in Rio de Janeiro in 2009.

2. South Africa was the last to join the BRICS grouping.

Which of the statements given above is/are correct?

I.A.S. (Pre) 2014

[External Sector - Trade, FDI, Debt]

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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