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:
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:
The correct option is D Only 1 & 3
Ans:3)(d) Asian Infrastructure Investment Bank (AIIB) is designed to finance infrastructure projects including energy, transport and infrastructure projects in Asia.
Authorized capital: It will be of 100 billion US dollars. The initial subscribed capital will be around 50 billion US Dollar and the paid-in ratio will be 20 per cent.
Regional character of the Bank: Its regional members (Asian) will be the holding around 75 percent of shares i.e. they will be majority shareholders. They have been allocated their capital share on quota basis i.e. based on their economic size.
Voting share: for each member country it is based on the size of their economy and not on authorized capital share to the Bank.
Largest shareholders: China is highest contributer to AIIB with 29.78 billion US dollars i.e. with a 30.34 percent stake in authorized capital. China will have 26.06 percent of the voting rights along with veto powers for certain key decisions.
India: second largest shareholder with 8.52 percent stake and voting share of 7.5 per cent
Russia: third largest shareholder with 6.66 stake and voting share of 5.92 per cent
Only 1 & 3
Ans:3)(d) Asian Infrastructure Investment Bank (AIIB) is designed to finance infrastructure projects including energy, transport and infrastructure projects in Asia.
Authorized capital: It will be of 100 billion US dollars. The initial subscribed capital will be around 50 billion US Dollar and the paid-in ratio will be 20 per cent.
Regional character of the Bank: Its regional members (Asian) will be the holding around 75 percent of shares i.e. they will be majority shareholders. They have been allocated their capital share on quota basis i.e. based on their economic size.
Voting share: for each member country it is based on the size of their economy and not on authorized capital share to the Bank.
Largest shareholders: China is highest contributer to AIIB with 29.78 billion US dollars i.e. with a 30.34 percent stake in authorized capital. China will have 26.06 percent of the voting rights along with veto powers for certain key decisions.
India: second largest shareholder with 8.52 percent stake and voting share of 7.5 per cent
Russia: third largest shareholder with 6.66 stake and voting share of 5.92 per cent
