Question

With reference to the (EBRD) European bank for Reconstruction and Development, select the correct statements.
1. It is a Hague- based multilateral lender.
2. India has got the go-ahead to join the European Bank of Reconstruction and Development (EBRD).
Select the correct answer using the codes given:

• A. Only 1
• B. Only 2
• C. Both 1 and 2
• D. None of the above

Answer 1

The correct option is B Only 2

Explanation: India has got the go-ahead to join the European Bank of Reconstruction and Development (EBRD), after shareholders of the London-based multilateral lender agreed to the country becoming its 69th member, enabling Indian companies to undertake joint investments in regions in which the EBRD operates.