Q.Consider the following statements:
1.New Development Bank was established in 2013, at the 5th BRICS Summit at Durban, South Africa.
2.The bank is headquartered in Shanghai, China.
3.Unlike the World Bank, NDB assigns votes based on capital share.
Which of the given above statements is/are correct?
(a) 1 and 2
(b) 2
(c) 2 and 3
(d) 1 and 3
ANSWER :- ONLY 2
EXPLANATION
FIRST OPTION :- The new development bank was agreed to by BRICKS leaders at the 5th BRICKS SUMMIT HELD IN DURBUN , 2013 .NDB WAAS ESTABLISHED IN 2014 AT THE 6TH BRICKS SUMMIT AT FORTALEZA , BRAZIL SO FIRST OPTION IS INCORRECT.
SECOND OPTION - ✅
THIRD OPTION :-
Unlike the World Bank, which assigns votes based on capital share, in the New Development Bank each participant country will be assigned one vote, and none of the countries will have veto power.
So Third option is incorrect
