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  9. Q100

NABARD Grade A (Assistant Manager) 2021 · Question 100 of 113

Identify the Incorrect statement about New Development Bank?

International Institutions - New Development Bank

  1. AIt is established by the BRICS countries
  2. BIt is headquartered at Shanghai, China
  3. CThe initial authorized capital of the bank was $100 B
  4. DIt cannot lend to countries other than BRICS membersCorrect
  5. EK.V. Kamath was first president of the Bank

Answer: D. It cannot lend to countries other than BRICS members

Explanation

It cannot lend to countries other than BRICS members

Source: NABARD Grade A Assistant Manager Prelims Previous Year Paper 2021 (BankersAdda) · memory-based

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