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

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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

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Explanation:

Neither 1 nor 2

It was formed after the 2008 Global Financial Crisis: This statement is incorrect. The European Bank for Reconstruction and Development (EBRD) was established in 1991, not after the 2008 Global Financial Crisis.

India is a founder member of the bank: This statement is incorrect. India is not a founding member of the EBRD. The EBRD was initially created to support the transition of Central and Eastern European countries to market-oriented economies. India is not a member country of the EBRD.