Multiple Choice Questions on With reference to Asian Infrastructure Investment Bank AIIB consider following statements Membe........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

With reference to Asian Infrastructure Investment Bank AIIB consider following statements Membe...........

International Affairs International Institutions
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    With reference to Asian Infrastructure Investment Bank (AIIB), consider following statements

    1. Membership in the AIIB is open to all members of the World Bank or the Asian Development Bank and is divided into regional and non-regional members.
    2. It is a multilateral development bank with a mission to improve social and economic outcomes in Asia.
    3. China is the largest shareholder with 26.61 % voting shares in the bank followed by India (7.6%), Russia (6.01%) and Germany (4.2 %).

    Select the correct statement.

    1&2 only

    Incorrect Answer

    2&3 only

    Incorrect Answer

    1&3 only

    Incorrect Answer

    All of the above

    Correct Answer
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    Explanation:

    About Asian Infrastructure Investment Bank (AIIB)

    • It is a multilateral development bank with a mission to improve social and economic outcomes in Asia.
    • It is established by the AIIB Articles of Agreement (entered into force Dec. 25, 2015) which is a multilateral treaty. The Parties (57 founding members) to agreement comprise the Membership of the Bank.
    • Membership in the AIIB is open to all members of the World Bank or the Asian Development Bank and is divided into regional and non-regional members.
    • China is the largest shareholder with 26.61 % voting shares in the bank followed by India (7.6%), Russia (6.01%) and Germany (4.2 %).

    By: Shubham Tiwari
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