Q210
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?
A.
1 only
B.
2 only
AnswerC.
Both 1 and 2
D.
Neither 1 nor 2
Answer: Option B
Solution
Answer: Option B
Solution:
The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states (Brazil, Russia, India, China and South Africa).