Asian Infrastructure Investment Bank
Question
With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements:
Which of the statements given above is/are correct?
- 1.
AIIB has more than 80 member nations.
- 2.
India is the largest shareholder in AIIB.
- 3.
AIIB does not have any members from outside Asia.
Options
1 only
2 and 3 only
1 and 3 only
1, 2 and 3
Explanation
Statement 1 is correct: AIIB has more than 80 member nations as of 2019. Statement 2 is incorrect: China is the largest shareholder in AIIB with approximately 30% of shares, not India. Statement 3 is incorrect: AIIB has members from outside Asia, including European countries like UK, Germany, and France, as well as others. Therefore, only statement 1 is correct. > AIIB members exceed 80 nations including non-Asian states; China leads shareholding, not India. Answer: a.
Question details
Year
2019
Paper
GS Paper 1
Question
Q71
Subject
International Relations
Sub-topic
Multilateral Financial Institutions
Type
Statement-based
Difficulty
Easy
Nature
Current-affairs-linked
Source hint
Current Affairs 2018-2019
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