Q25. Consider the following statements with respect to Asia Infrastructure Investment Bank:

1. It is a Chinese bank headquartered jn Beijing, China.

2. AIIB offers sovereign and non-sovereign financing for sound and sustainable projects.

3. It supports projects in energy and power, transportation and telecommunications, rural infrastructure and agriculture development, water supply and sanitation, environmental protection, and urban development and logistics.

Which of the above statement/s is/are incorrect?

a) 1 only

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b) 2 only

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c) 1 and 3 only

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d) None

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Solution

The correct option is A
a) 1 only

It is a multilateral development bank.

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Similar questions

Q. 26. Consider the following statements about Asian Infrastructure Investment Bank (AIIB):
1. AIIB is a multilateral development bank to fund infrastructure projects in Asia-Pacific region.
2. Germany is one of the founding members of it.
3. The bank is headquartered in Shanghai.
4. Russia is the second largest shareholder with 7.5% voting shares.
Which of the above statement(s) is/are correct?

Q3) India recently gave its approval for the ratification and submitting of the Articles of Agreement (AoA) of AIIB. Which of the following is incorrect about Asian Infrastructure Investment Bank (AIIB)?

1) It is designed to finance infrastructure projects including energy, transport, skill development and infrastructure projects all over the world

2) AIIB’s Headquarter is located at Beijing

3) Russia is the second largest shareholder after China with 6.66 percent stake and voting share of 5.92 per cent

Code:

Q. Q7. Consider the following statements.
1. National Bank for Agriculture and Rural Development (NABARD) was formed to promote sustainable and equitable agriculture and rural development.
2. It has financial, developmental and supervisory roles.
3. Rural Infrastructure Development Fund (RIDF) created under NABARD can be utilized for agriculture and social sector.
Which of the above statement/s is/are incorrect?

AIIB is a multilateral development bank backed by China and is seen as a rival to the World Bank and Asian Development Bank (ADB). Consider the following statements about Asian Infrastructure Investment Bank:

Which of the above statements is/are correct?

1 and 2 only
2 and 3 only
1 and 3 only
All of these

Which among the following statement(s) is/are correct about Asian Infrastructure Investment Bank (AIIB)?

Code:

1 only
2 only
2 and 3 only
2, 3 and 4 only

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The correct option is A a) 1 only It is a multilateral development bank.

The correct option is A
a) 1 only

It is a multilateral development bank.