Therefore, the efficacy, equity and suitability of market advantages need to be routinely measured and checked to assist in figuring out worker enhancements and therefore the rewarding scheme . The examine employed monthly data on monetary sector index of BRICS economies which are made up of Brazil , Russia , India , China and South Africa (FTSE/JSE Financial 15 Index). We further consider the gross domestic product of every nation and the global economic coverage uncertainty. The country threat analysis focuses on the general and political environment, financial coverage, international commerce and overseas debt, in addition to the enterprise environment and financial sector setting.