gs1medium

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

  1. 1.AIIB has more than 80 member nations.
  2. 2.India is the largest shareholder in AIIB.
  3. 3.AIIB does not have any members from outside Asia.

Which of the statements given above is/are correct?

  1. A.1 only
  2. B.2 and 3 only
  3. C.1 and 3 only
  4. D.1, 2 and 3
▶ Answer & Explanation

Correct answer: A. 1 only

The Asian Infrastructure Investment Bank (AIIB) was established to foster cooperation and development across Asia. It currently has a membership exceeding 80 nations, indicating a broad international participation. While China is the largest shareholder, India holds a significant position as the second-largest shareholder. Membership in the AIIB is not restricted to Asian countries, with several nations from Europe and Oceania being members.

Source: UPSC gs1 2019

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