Civil Services Prep

Prelims 2019 · Economy · Question 1

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