Consider the following statements about European Bank for Reconstruction amp Development EBRD 1...........

Economic Affairs Types of Banks and Banking

Download Solution PDF

Consider the following statements about European Bank for Reconstruction &Development (EBRD)

1. It was formed after the 2008 Global Financial Crisis.

2. India is a founder member of the bank.

Which of the given statements is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

छोटे Courses बड़े Results

Master Types of Banks and Banking

Prepare through Micro-courses

Try Now

Explanation:

Neither 1 nor 2

"It was formed after the 2008 Global Financial Crisis."

This statement is incorrect. The EBRD was actually established in 1991, following the end of the Cold War, to aid the transition of former communist countries in Eastern Europe to market economies. It predates the 2008 Global Financial Crisis by many years.

"India is a founder member of the bank."

This statement is also incorrect. India was not a founder member of the EBRD. India became a member of the EBRD only in 2018.

Hence, neither of the statements is correct.