Consider the following statements about Asian Development Bank ADB 1 It is a multilateral financial ...........

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Consider the following statements about Asian Development Bank (ADB):

1.It is a multilateral financial system having headquarter in Japan.

2.India is a founding member of this organization.

3.The project-based partnership called South Asia Subregional Economic Cooperation (SASEC) is funded by the ADB.

Which of the statements given above are correct?

1 and 2 only

2 and 3 only

1 and 3 only

1, 2 and 3

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Explanation:

It is a multilateral financial system having headquarters in Japan: This statement is incorrect. The Asian Development Bank (ADB) has its headquarters in Manila, Philippines, not Japan.

India is a founding member of this organization: This statement is correct. India is indeed a founding member of the Asian Development Bank.

The project-based partnership called South Asia Subregional Economic Cooperation (SASEC) is funded by the ADB: This statement is correct. The South Asia Subregional Economic Cooperation (SASEC) is a partnership program funded by the Asian Development Bank (ADB) that brings together Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, and Sri Lanka to promote regional prosperity.

Therefore, the correct option is 2: 2 and 3 only.