Consider the following statements 1 India has been the largest borrower of Asian Infrastructure Inve...........

International Affairs Other Regional Groupings

Consider the following statements

1.India has been the largest borrower of Asian Infrastructure Investment Bank (AIIB) since the time bank started its operation.

2.The largest capital contribution in AIIB is from the Asian countries, while the rest of world accounts for one-fourth of total capital contribution.

Which of the statements given above is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor2

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Explanation:

1 only

India has been the largest borrower of the Asian Infrastructure Investment Bank (AIIB) since the time the bank started its operation: This statement is correct. India has been one of the significant borrowers from the Asian Infrastructure Investment Bank (AIIB) since its establishment.

The largest capital contribution in AIIB is from the Asian countries, while the rest of the world accounts for one-fourth of the total capital contribution: This statement is not corrrect. The Asian Infrastructure Investment Bank (AIIB) has member countries from both within and outside Asia. While Asian countries have a significant share in the capital contribution, non-Asian countries also play a substantial role. The distribution of capital is not as mentioned in the statement.

Therefore, the correct answer is Option 1: 1 only.