Civil Services Prep

Prelims 2019 · Economy · Question 1

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?

  1. 1 only
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1, 2 and 3

Answer

1 only

1. Correct. AIIB has more than 80 members; in fact, its membership crossed this number long ago.
2. Incorrect. China is the largest shareholder in AIIB; India is the second-largest shareholder.
3. Incorrect. AIIB includes several non-Asian members such as the UK, France, Germany, and others.

Hence, only statement 1 is correct.

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