Question

Consider the following statements about Asian Infrastructure Investment Bank (AIIB)
$1$. India is one of the founding members of AIIB.
$2$. India is the second largest shareholder in AIIB.
$3$. AIIB is headquartered in Mumbai, India.
Which of the given statements is/are correct?

• A. $1$ and $2$
• B. $2$ and $3$
• C. $1$ and $3$
• D. $1,2$ and $3$

Answer 1

The correct option is A $1$ and $2$

AIIB is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond. Headquartered in Beijing, China, AIIB commenced operations in January 2016. India is not only one of the

founding members of AIIB but is also the 2nd largest shareholder in AIIB.