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Consider the following statements regarding the Asian Development Bank (ADB):
1. It was established in 2009.
2. India joined it as a member in 2016.
3. It has its headquarters in Manila, Philippines.
Which of the statements given above is/are correct?
  • a)
    1 and 3 only
  • b)
    2 only
  • c)
    2 and 3 only
  • d)
    3 only
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding the Asian Development Bank...
Asian Development Bank
  • ADB is a regional development bank established in 1966. Hence, statement 1 is not correct.
  • It has 68 members. India is a founding member. Hence, statement 2 is not correct.
  • 49 are from within Asia and the Pacific and 19 outside.
  • It aims to promote social and economic development in Asia and the Pacific.
  • As of 31st 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%).
  • It is headquartered in Manila, Philippines. 
Hence, statement 3 is correct.
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Consider the following statements regarding the Asian Development Bank (ADB):1. It was established in 2009.2. India joined it as a member in 2016.3. It has its headquarters in Manila, Philippines.Which of the statements given above is/are correct?a)1 and 3 onlyb)2 onlyc)2 and 3 onlyd)3 onlyCorrect answer is option 'D'. Can you explain this answer?
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