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Consider the following statements regarding Asian Infrastructure Investment Bank (AIIB).
1. Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond.
2. All the G-20 nations are members of AIIB.
3. China is the largest shareholder in the bank followed by India.
Which of the above statements is/are correct?
  • a)
    1, 2 
  • b)
    2, 3 
  • c)
    1, 3 
  • d)
    1 only
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Consider the following statements regarding Asian Infrastructure Inves...
Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond.
The Parties (57 founding members) to agreement comprise the Membership of the Bank.
  • It is headquartered in Beijing.
  • It commenced operations in January 2016.
Aim:
By investing in sustainable infrastructure and other productive sectors today, it aims to connect people, services and markets that over time will impact the lives of billions and build a better future.
Membership:
  • There are more than 100 members now.
  • Fourteen of the G-20 nations are AIIB members including France, Germany, Italy and the United Kingdom.
Voting Rights:
  • China is the largest shareholder with 26.61 % voting shares in the bank followed by India (7.6%), Russia (6.01%) and Germany (4.2 %).
The regional members hold 75% of the total voting power in the Bank.
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Consider the following statements regarding Asian Infrastructure Investment Bank (AIIB).1. Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond.2. All the G-20 nations are members of AIIB.3. China is the largest shareholder in the bank followed by India.Which of the above statements is/are correct?a)1, 2b)2, 3c)1, 3d)1 onlyCorrect answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding Asian Infrastructure Investment Bank (AIIB).1. Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond.2. All the G-20 nations are members of AIIB.3. China is the largest shareholder in the bank followed by India.Which of the above statements is/are correct?a)1, 2b)2, 3c)1, 3d)1 onlyCorrect answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements regarding Asian Infrastructure Investment Bank (AIIB).1. Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond.2. All the G-20 nations are members of AIIB.3. China is the largest shareholder in the bank followed by India.Which of the above statements is/are correct?a)1, 2b)2, 3c)1, 3d)1 onlyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Asian Infrastructure Investment Bank (AIIB).1. Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond.2. All the G-20 nations are members of AIIB.3. China is the largest shareholder in the bank followed by India.Which of the above statements is/are correct?a)1, 2b)2, 3c)1, 3d)1 onlyCorrect answer is option 'C'. Can you explain this answer?.
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