Multiple Choice Questions on With reference to the Asian Development Bank ADB consider the following statements It aims to promot........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

With reference to the Asian Development Bank ADB consider the following statements It aims to promot...........

Economic Affairs Financial Institutions
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    With reference to the Asian Development Bank (ADB) consider the following statements

    1. It aims to promote economic and social development in Asia and the Pacific.

    2. India is the largest shareholder in the ADB.

    3. Pakistan is not a member country of the ADB.

    How many of the following statements is/are correct?

    Only One

    Correct Answer

    Only Two

    Incorrect Answer

    All Three

    Incorrect Answer

    None

    Incorrect Answer
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    Explanation:

    Only statement 1st is correct.

    • The Asian Development Bank (ADB) is a regional development bank that focuses on reducing poverty and promoting sustainable economic growth in Asia and the Pacific. 

    • The largest shareholders of the Asian Development Bank (ADB) are Japan and the United States, with 15.6% of total shares each. Pakistan is a founding member of the Asian Development Bank (ADB).

    Hence option 1st is correct.

    By: Shubham Tiwari
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