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Consider the following statements regarding Asian Development Bank (ADB).
1. It is modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions.
2. The bank admits the members of only the United Nations Economic and Social Commission for Asia and the Pacific.
3. It aims at reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.
Which of the above statements is/are correct?
- a)3 only
- b)1, 2
- c)1, 3
- d)1, 2, 3
Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding Asian Development Bank (AD...
Asian Development Bank (ADB)
It is a regional development bank.
- established on 19 December 1966.
- headquartered — Manila, Philippines.
- official United Nations Observer.
The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries.
It is modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions.
- As of 31 December 2019, ADB’s five largest shareholders are Japan and the United States (each with 15.6% of total shares), the People’s Republic of China (6.4%), India (6.3%), and Australia (5.8%).
Roles and functions:
Dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.
- This is carried out through investments – in the form of loans, grants and information sharing – in infrastructure, health care services, financial and public administration systems, helping nations prepare for the impact of climate change or better manage their natural resources, as well as other areas.
Most Upvoted Answer
Consider the following statements regarding Asian Development Bank (AD...
Asian Development Bank (ADB)
It is a regional development bank.
- established on 19 December 1966.
- headquartered — Manila, Philippines.
- official United Nations Observer.
The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries.
It is modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions.
- As of 31 December 2019, ADB’s five largest shareholders are Japan and the United States (each with 15.6% of total shares), the People’s Republic of China (6.4%), India (6.3%), and Australia (5.8%).
Roles and functions:
Dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.
- This is carried out through investments – in the form of loans, grants and information sharing – in infrastructure, health care services, financial and public administration systems, helping nations prepare for the impact of climate change or better manage their natural resources, as well as other areas.
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Community Answer
Consider the following statements regarding Asian Development Bank (AD...
Asian Development Bank (ADB)
Asian Development Bank (ADB) is an international financial institution dedicated to promoting economic and social progress in Asia and the Pacific region. Let's analyze the given statements:
1. Weighted Voting System
- The first statement is correct. ADB is indeed modeled closely on the World Bank and employs a similar weighted voting system. Votes are distributed in proportion to members' capital subscriptions, giving more weight to countries that contribute more financially.
2. Membership Criteria
- The second statement is incorrect. ADB membership is open to countries in the Asia and Pacific region, as well as non-regional developed countries. It is not limited to only the members of the United Nations Economic and Social Commission for Asia and the Pacific.
3. Core Objectives
- The third statement is accurate. ADB aims to reduce poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. It provides financial and technical assistance to support projects that address these goals.
Therefore, the correct answer is option C, as statements 1 and 3 are correct while statement 2 is not.
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Consider the following statements regarding Asian Development Bank (ADB).1. It is modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions.2. The bank admits the members of only the United Nations Economic and Social Commission for Asia and the Pacific.3. It aims at reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.Which of the above statements is/are correct?a)3 onlyb)1, 2c)1, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding Asian Development Bank (ADB).1. It is modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions.2. The bank admits the members of only the United Nations Economic and Social Commission for Asia and the Pacific.3. It aims at reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.Which of the above statements is/are correct?a)3 onlyb)1, 2c)1, 3d)1, 2, 3Correct 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 Development Bank (ADB).1. It is modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions.2. The bank admits the members of only the United Nations Economic and Social Commission for Asia and the Pacific.3. It aims at reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.Which of the above statements is/are correct?a)3 onlyb)1, 2c)1, 3d)1, 2, 3Correct 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 Development Bank (ADB).1. It is modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions.2. The bank admits the members of only the United Nations Economic and Social Commission for Asia and the Pacific.3. It aims at reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.Which of the above statements is/are correct?a)3 onlyb)1, 2c)1, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer?.
Consider the following statements regarding Asian Development Bank (ADB).1. It is modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions.2. The bank admits the members of only the United Nations Economic and Social Commission for Asia and the Pacific.3. It aims at reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.Which of the above statements is/are correct?a)3 onlyb)1, 2c)1, 3d)1, 2, 3Correct 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 Development Bank (ADB).1. It is modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions.2. The bank admits the members of only the United Nations Economic and Social Commission for Asia and the Pacific.3. It aims at reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.Which of the above statements is/are correct?a)3 onlyb)1, 2c)1, 3d)1, 2, 3Correct 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 Development Bank (ADB).1. It is modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions.2. The bank admits the members of only the United Nations Economic and Social Commission for Asia and the Pacific.3. It aims at reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.Which of the above statements is/are correct?a)3 onlyb)1, 2c)1, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer?.
Solutions for Consider the following statements regarding Asian Development Bank (ADB).1. It is modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions.2. The bank admits the members of only the United Nations Economic and Social Commission for Asia and the Pacific.3. It aims at reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.Which of the above statements is/are correct?a)3 onlyb)1, 2c)1, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs.
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Consider the following statements regarding Asian Development Bank (ADB).1. It is modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions.2. The bank admits the members of only the United Nations Economic and Social Commission for Asia and the Pacific.3. It aims at reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.Which of the above statements is/are correct?a)3 onlyb)1, 2c)1, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Consider the following statements regarding Asian Development Bank (ADB).1. It is modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions.2. The bank admits the members of only the United Nations Economic and Social Commission for Asia and the Pacific.3. It aims at reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.Which of the above statements is/are correct?a)3 onlyb)1, 2c)1, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding Asian Development Bank (ADB).1. It is modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions.2. The bank admits the members of only the United Nations Economic and Social Commission for Asia and the Pacific.3. It aims at reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.Which of the above statements is/are correct?a)3 onlyb)1, 2c)1, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements regarding Asian Development Bank (ADB).1. It is modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions.2. The bank admits the members of only the United Nations Economic and Social Commission for Asia and the Pacific.3. It aims at reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.Which of the above statements is/are correct?a)3 onlyb)1, 2c)1, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Current Affairs tests.
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