Multiple Choice Questions on Consider the following statements 1 New Development Bank has been set up by APEC 2 nb........... for UPSC Civil Services Examination (General Studies) Preparation

Back to Main Page

Multiple Choice Questions

Consider the following statements 1 New Development Bank has been set up by APEC 2 nb...........

Economic Affairs Types of Banks and Banking
    Download Solution PDF

    Consider the following statements:

    1.    New Development Bank has been set up by APEC.

    2.    The headquarters of New Development Bank is in Shanghai.

    Which of the statements given above is/are correct?

    1 only

    Incorrect Answer

    2 only

    Correct Answer

    Both

    Incorrect Answer

    None

    Incorrect Answer
    छोटे Courses बड़े Results
    Master Types of Banks and Banking
    Prepare through Micro-courses
    Try Now
    Explanation:

    - The New Development Bank (NDB) was established by the BRICS countries (Brazil, Russia, India, China, and South Africa), not by APEC. Therefore, the first statement is incorrect.

    - The headquarters of the New Development Bank is indeed located in Shanghai, China. So, the second statement is correct.

    Given these explanations:

    - Option 1: 1 only. Incorrect, as the first statement is wrong.

    - Option 2: 2 only. Correct, as only the second statement is true.

    - Option 3: Both. Incorrect, as only one statement is correct.

    - Option 4: None. Incorrect, as the second statement is true.

    By: Vishal
    ProfileResources

    Let's Discuss

    Master
    Types of Banks and Banking
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free