gs1medium

Consider the following statements regarding the Asian Infrastructure Investment Bank (AIIB):

  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 only
▶ Answer & Explanation

Correct answer: A. 1 only

The Asian Infrastructure Investment Bank (AIIB) was established to foster economic development in Asia. It has grown to include a significant number of member nations from across the globe, not just Asia. While China is the largest shareholder, India holds the second-largest share, making statement 2 incorrect. Statement 1 is correct as the AIIB has well over 80 member nations. Statement 3 is incorrect because many non-Asian countries are members.

Source: UPSC gs1 2020

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