World Bank-IMF-IDA-ADB-NDB-AIIB - gkquestionsguru.com

11. The Asian Development Bank (ADB) has approved the loan to support GOI’s National Industrial Corridor Development Program (NICDP). ADB consists of how many members?1. 65
2. 66
3. 67
4. 68
5. 69

Option “4” is correct.
The Asian Development Bank (ADB) has approved the loan to support GOI’s National Industrial Corridor Development Program (NICDP).
· The loan of $250 million was approved for the same.
· This loan is the first subprogram of the $500 million loans which will be used to develop 11 industrial corridors in 17 states.
About Asian Development Bank
• ADB is a regional development bank established in 1966.
• It has 68 members.
· President: Masatsugu Asakawa
· India is a founding member.
• 49 are from within Asia and the Pacific and 19 outside.
• It aims to promote social and economic development in Asia and the Pacific.
• It is headquartered in Manila, Philippines.
• Niue is the latest member to join ADB.

12. Masatsugu Asakawa, a Japanese civil servant, is the president of the Asian Development Bank (ADB) since 2020, he is serving as _______ th President of ADB-1. 6th
2. 7th
3. 8th
4. 9th
5. 10th

Option “5” is correct.
About Asian Development Bank
• ADB is a regional development bank established in 1966.
• It has 68 members.
· President: Masatsugu Asakawa
· India is a founding member.
• 49 are from within Asia and the Pacific and 19 outside.
• It aims to promote social and economic development in Asia and the Pacific.
• It is headquartered in Manila, Philippines.
• Niue is the latest member to join ADB.

13. New Development Bank (NDB) has become the first multilateral agency to open an office in the Gujarat International Finance Tech City (Gift). It was established in which year?1. 2000
2. 2005
3. 2008
4. 2015
5. 2016

Option “4” is correct.
The New Development Bank (NDB) was established in 2015 by BRICS countries – Brazil, Russia, India, China and South Africa.
The Bank’s membership is open to members of the United Nations. NDB commenced the admission of its first new member countries in the second half of 2021.
About New Development Bank-
· The New Development Bank, formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states.
· Headquarters location: Shanghai, China
· President: Marcos Prado Troyjo
· Founder: BRICS

14. NDB was set up by the BRICS countries (Brazil, Russia, India, China, and South Africa). What was the initial authorized capital of NDB?

1. US$ 100 billion
2. US$ 50 billion
3. US$ 150 billion
4. US$ 200 billion
5. US$ 250 billion

Option “1” is correct.
· The initial authorized capital of the bank is US$100 billion.
· The initial subscribed capital of the bank is US$ 50 billion, equally shared among founding members.
About New Development Bank-
· The New Development Bank, formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states.
· Headquarters location: Shanghai, China
· President: Marcos Prado Troyjo
· Founder: BRICS

15. Identify the correct statement regarding New Development Bank (NDB)-(i) K.V. Kamath was the first president of BRICS New Development Bank.
(ii) Egypt joined the multilateral bank in September 2020.
(iii) The Headquarters of the bank are located in Shanghai, China.1. Only (i)
2. Only (ii)
3. Only (i) & (iii)
4. Only (i) & (ii)
5. All (i), (ii) & (iii)

About New Development Bank-
· The New Development Bank, formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states.
· Headquarters location: Shanghai, China
· President: Marcos Prado Troyjo
· Founder: BRICS
· K.V. Kamath was the first president of BRICS New Development Bank.
· Bangladesh, UAE & Uruguay joined in Sep 2021.