Which one of the following countries will hold the presidency of the BRICS New Development
Bank for the first six years?

India

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China

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South Africa

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Russia

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Solution

The correct option is A India
India .
India will hold the administration of the BRICS New Development Bank for the initial six years. The bank will be situated in Shanghai, China. India's administration will be trailed by Brazil and Russia, who will have multi year terms each .

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Consider the following statements regarding recently established multilateral financial institutions:-

Choose the correct statements:-

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

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

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