The New Development Bank:

  1. has been established by member states of European Union (EU)
  2. has its headquarters at Moscow, Russia

Which of the above statements is/are correct?


Answer: [B] 2 Only

First statement is incorrect because the New Development Bank has been established by the BRICS states. Second statement is incorrect because its headquarters are at Shanghai, China.

This question is a part of GKToday's Integrated IAS General Studies Module