Question

Which of the following statements with regard to New Development Bank (NBC), formerly referred to as the BRICS Development Bank is/are correct?
$1.$ The headquarters of the bank is situated at Moscow, Russia.
$2.$ KV Kamath is the first President of the bank.
Select the correct answer using the codes given below.

• A. Only $1$
• B. Only $2$
• C. Both $1$ and $2$
• D. Neither $1$ nor $2$

Answer 1

The correct option is B Only $2$

The New Development Bank, formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states. Its Headquarters in in Shanghai, China. K.V Kamath is the first President of NDB.