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UPPSC PCS 2017 · Question 104 of 149

Which bank has been established in China by BRICS countries?

History

  1. ANew Industrial Development Bank
  2. BNew Agricultural Development Bank
  3. CNew Development BankCorrect
  4. DNew Commercial Bank

Answer: C. New Development Bank

Explanation

The New Development Bank is a multilateral development bank jointly established by the BRICS countries at the 6th BRICS Summit held in Fortaleza, Brazil in 2014. It was formed to support infrastructure and sustainable development efforts in BRICS and other emerging economies for rapid growth through innovation and cutting edge technology.

Source: edurev.in UPPSC Prelims 2017 GS Paper I with Answer Key and Solutions

← Q103View full paper (149 questions)Q105 →

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