With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements

2019

“World Bank,IMF,ADB,International Finance”, International Relations

With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements :
1. AIIB has more than 80 member nations.
2. India is the largest shareholder in AIIB.
3. AIIB does not have any members from outside Asia.
Which of the statements given above is/are correct?

(a)

1 only

(b)

2 and 3 only

(c)

1 and 3 only

(d)

1, 2 and 3

Answer:

(a)

Moderate

Newspaper/CA

Explanation

AIIB currently has 93 member’s countries and Beijing acts as AIIB headquarter Statement 2 is Incorrect- India is second largest shareholder in AIIB after China. It is headquartered in Beijing, China. Statement 3 is Incorrect- AIIB has members from outside Asia also, like Algeria, Ghana, Libya, Morocco, Serbia and Togo.