Keerthana
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What effect did rise in economies of BRICS have on the global economy?

a

It helped stabilize 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 : Option A
Explanation :

S

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