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With reference to the Asian Infrastructure Investment Bank (AIIB), consider the following statements:
1. It is headquartered in Tokyo.
2. It has 105 members
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
With reference to the Asian Infrastructure Investment Bank (AIIB), con...
The Beijing-based Asian Infrastructure Investment Bank (AIIB) said it was putting on hold and reviewing all projects in Russia and Belarus.
  • The move comes amid sweeping sanctions and other financial measures aimed at Russia from a number of countries over its invasion of Ukraine.
  • AIIB is a multilateral development bank that aims to improve economic and social outcomes in Asia. AIIB is headquartered in Beijing, China.
  • When was AIIB established? January 16, 2016.
  • AIIB has 105 members. China is the AIIB’s largest shareholder with a 26.5% voting share. India is the second-largest, with 7.5%, followed by Russia, which has a 5.97% voting share. Belarus is also a member.
  • All powers of the Bank are vested in our Board of Governors, which is the highest decision-making body under its Articles of Agreement.
  • The bank is headed by China’s Jin Liqun. Former Reserve Bank of India (RBI) Governor Urjit Patel is a Vice-President of the bank.
Hence only statement 2 is correct.
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Most Upvoted Answer
With reference to the Asian Infrastructure Investment Bank (AIIB), con...
B
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With reference to the Asian Infrastructure Investment Bank (AIIB), consider the following statements:1. It is headquartered in Tokyo.2. It has 105 membersWhich of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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