Which of the following statements are true about Asian Infrastructure Investment Bank I nb...........

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Which of the following statements are true about Asian Infrastructure Investment Bank?

I. Asian countries are holding around three fourth of the total shares

II. The total authorised capital stock of bank is $ 100 billion

III. India is the second largest shareholder of the bank, Japan being the largest shareholder

IV. There are 50 initial signatories on Articles of Agreement

Codes

I, II and III

I, II and IV

II, III and IV

All are true

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Explanation:

3rd statement is incorrect.
The Asian Infrastructure Investment Bank (AIIB) is an international financial institution proposed by the government of China. China will be the largest shareholder (at 30.34 per cent), followed by India (8.52 per cent) and Russia (6.66 per cent).