21. With reference to BRICS bank/ New development Bank,

i. BRICS bank / New Development Bank were established by Ufa declaration.

ii. Voting power of each member is equal to the number of its subscribed shares in capital stock.

Which of the above statements is/are correct?

a) Only i

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b) Only ii

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c) Both

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d) None

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Solution

The correct option is B
b) Only ii

Ans 21. B

Explanation:Fortaleza declaration – Agreement for establishing the New development bank with 100 billion US dollar corpus having equal distribution from all BRICS countries for mobilizing resources for infrastructure and sustainable projects in BRICS.

Countries by Shareholding at the New Development Bank

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21. With reference to BRICS bank/ New development Bank, i. BRICS bank / New Development Bank were established by Ufa declaration. ii. Voting power of each member is equal to the number of its subscribed shares in capital stock. Which of the above statements is/are correct?

21. With reference to BRICS bank/ New development Bank,

i. BRICS bank / New Development Bank were established by Ufa declaration.

ii. Voting power of each member is equal to the number of its subscribed shares in capital stock.

Which of the above statements is/are correct?