Consider the following statements regarding BRICS Science, Technology and Innovation (STI) cooperation:
1. It is based on mutual benefit and public-good-driven innovation.
2. It is governed only through annual Heads of State Summits.
Which of the statements is/are correct?

Correct option is A

The correct answer is (a) Only 1 is correct.
• BRICS STI cooperation is based on mutual benefit, inclusiveness, and public-good-driven innovation.
• It is governed through ministerial meetings, working groups, and joint research platforms, not only summits.
Information Booster:
• BRICS STI framework was formalised in 2015.
• It includes cooperation in AI, biotechnology, space, and renewable energy.
• The BRICS STI Ministerial Meeting is held annually.
Additional Knowledge:
• BRICS countries account for over 40% of the world’s population.
• India has hosted several BRICS STI working group meetings.