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With reference to Asian infrastructure investment bank (AIIB), consider the following statement:
1. AIIB has more than 80 member nations.
2. India is the larger shareholder in AIIB.
3. AIIB does not have any members from outside Asia.
Q. Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 and 3 only
  • c)
    1 and 3 only 
  • d)
    1, 2 and 3
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
With reference to Asian infrastructure investment bank (AIIB), conside...
Headquartered in Beijing, the Asian Infrastructure Investment Bank (AIIB) is a development bank established to boost lending for projects in sectors like energy, transportation, urban construction, logistics, education and healthcare. AIIB presently has 97 approved members worldwide. The Bank has invested in 13 member regions; it has members from outside Asia in Egypt (Middle East), Azerbaijan (Asia and Europe) and others. The largest shareholders of the bank is China followed by India and Russia.
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Most Upvoted Answer
With reference to Asian infrastructure investment bank (AIIB), conside...
AIIB - Asian Infrastructure Investment Bank

Statement 1: AIIB has more than 80 member nations.
This statement is correct. AIIB was established in 2015 with 57 founding members. Since then, it has grown to have over 100 members, including developed and developing countries from Asia, Europe, Africa, Oceania, and the Americas.

Statement 2: India is the larger shareholder in AIIB.
This statement is incorrect. China is the largest shareholder in AIIB, with a 26.06% stake. India is the second-largest shareholder with a 7.62% stake.

Statement 3: AIIB does not have any members from outside Asia.
This statement is incorrect. AIIB has members from outside Asia, including European countries like the United Kingdom, Germany, and France.

Therefore, the correct answer is option A - 1 only.
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With reference to Asian infrastructure investment bank (AIIB), consider the following statement:1. AIIB has more than 80 member nations.2. India is the larger shareholder in AIIB.3. AIIB does not have any members from outside Asia.Q.Which of the statements given above is/are correct?a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?
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