UPSC Exam  >  UPSC Questions  >  Consider the following statements regarding A... Start Learning for Free
Consider the following statements regarding Asian Infrastructure Investment Bank (AIIB).
  1. Asian Infrastructure Investment Bank (AIIB)It is a development bank with a mission to improve the economic and social outcomes in Asia.
  2. AIIB does not allow non-sovereign entities to apply for AIIB membership.
  3. AIIB Project Preparation Special Fund (PPSF) provides technical assistance grants to support the preparation of high-quality bankable projects for AIIB Members.
Which of the above statements is/are correct?
  • a)
    1 only
  • b)
    1, 2
  • c)
    2, 3
  • d)
    1, 3
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding Asian Infrastructure Inves...
  • Asian Infrastructure Investment Bank (AIIB) is headquartered in Beijing.
  • It commenced operations in January 2016.
  • It is a development bank with a mission to improve the economic and social outcomes in Asia.
  • India is the second largest shareholder in AIIB after China and is also the largest recipient of funds from the multilateral agency.
  • Membership in AIIB shall be open to members of the International Bank for Reconstruction and Development or the Asian Development Bank.
  • Unlike other MDBs (multilateral development bank), the AIIB allows for non-sovereign entities to apply for AIIB membership,assuming their home country is a member.
AIIB Project Preparation Special Fund:
  • Established in June 2016, the Project Preparation Special Fund (Special Fund) is a multi-donor facility with the primary purpose of supporting eligible AIIB members—especially low-income members—prepare bankable infrastructure projects AIIB may finance.
  • The Special Fund provides technical assistance grants for preparing bankable infrastructure projects.Through these grants, clients can hire experts and consultants to carry out the required preparation work.
Explore Courses for UPSC exam

Similar UPSC Doubts

Top Courses for UPSC

Consider the following statements regarding Asian Infrastructure Investment Bank (AIIB). Asian Infrastructure Investment Bank (AIIB)It is a development bank with a mission to improve the economic and social outcomes in Asia. AIIB does not allow non-sovereign entities to apply for AIIB membership. AIIB Project Preparation Special Fund (PPSF) provides technical assistance grants to support the preparation of high-quality bankable projects for AIIB Members.Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'D'. Can you explain this answer?
Question Description
Consider the following statements regarding Asian Infrastructure Investment Bank (AIIB). Asian Infrastructure Investment Bank (AIIB)It is a development bank with a mission to improve the economic and social outcomes in Asia. AIIB does not allow non-sovereign entities to apply for AIIB membership. AIIB Project Preparation Special Fund (PPSF) provides technical assistance grants to support the preparation of high-quality bankable projects for AIIB Members.Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Asian Infrastructure Investment Bank (AIIB). Asian Infrastructure Investment Bank (AIIB)It is a development bank with a mission to improve the economic and social outcomes in Asia. AIIB does not allow non-sovereign entities to apply for AIIB membership. AIIB Project Preparation Special Fund (PPSF) provides technical assistance grants to support the preparation of high-quality bankable projects for AIIB Members.Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Asian Infrastructure Investment Bank (AIIB). Asian Infrastructure Investment Bank (AIIB)It is a development bank with a mission to improve the economic and social outcomes in Asia. AIIB does not allow non-sovereign entities to apply for AIIB membership. AIIB Project Preparation Special Fund (PPSF) provides technical assistance grants to support the preparation of high-quality bankable projects for AIIB Members.Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'D'. Can you explain this answer?.
Solutions for Consider the following statements regarding Asian Infrastructure Investment Bank (AIIB). Asian Infrastructure Investment Bank (AIIB)It is a development bank with a mission to improve the economic and social outcomes in Asia. AIIB does not allow non-sovereign entities to apply for AIIB membership. AIIB Project Preparation Special Fund (PPSF) provides technical assistance grants to support the preparation of high-quality bankable projects for AIIB Members.Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Consider the following statements regarding Asian Infrastructure Investment Bank (AIIB). Asian Infrastructure Investment Bank (AIIB)It is a development bank with a mission to improve the economic and social outcomes in Asia. AIIB does not allow non-sovereign entities to apply for AIIB membership. AIIB Project Preparation Special Fund (PPSF) provides technical assistance grants to support the preparation of high-quality bankable projects for AIIB Members.Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements regarding Asian Infrastructure Investment Bank (AIIB). Asian Infrastructure Investment Bank (AIIB)It is a development bank with a mission to improve the economic and social outcomes in Asia. AIIB does not allow non-sovereign entities to apply for AIIB membership. AIIB Project Preparation Special Fund (PPSF) provides technical assistance grants to support the preparation of high-quality bankable projects for AIIB Members.Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Consider the following statements regarding Asian Infrastructure Investment Bank (AIIB). Asian Infrastructure Investment Bank (AIIB)It is a development bank with a mission to improve the economic and social outcomes in Asia. AIIB does not allow non-sovereign entities to apply for AIIB membership. AIIB Project Preparation Special Fund (PPSF) provides technical assistance grants to support the preparation of high-quality bankable projects for AIIB Members.Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding Asian Infrastructure Investment Bank (AIIB). Asian Infrastructure Investment Bank (AIIB)It is a development bank with a mission to improve the economic and social outcomes in Asia. AIIB does not allow non-sovereign entities to apply for AIIB membership. AIIB Project Preparation Special Fund (PPSF) provides technical assistance grants to support the preparation of high-quality bankable projects for AIIB Members.Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements regarding Asian Infrastructure Investment Bank (AIIB). Asian Infrastructure Investment Bank (AIIB)It is a development bank with a mission to improve the economic and social outcomes in Asia. AIIB does not allow non-sovereign entities to apply for AIIB membership. AIIB Project Preparation Special Fund (PPSF) provides technical assistance grants to support the preparation of high-quality bankable projects for AIIB Members.Which of the above statements is/are correct?a)1 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev