Q. Consider the following statements about the New Development Bank (NDB):
1.The NDB is headquartered in Shanghai, China, with regional offices in South Africa and Brazil.
2.Membership in the NDB is open to any member of the United Nations.
3.Algeria is the first North African country to officially join the BRICS-backed NDB.
Which of the statements given above is/are correct?
Quarterly-SFG-Jan-to-March
Red Book

[A] 1 and 2 only

[B] 1 and 3 only

[C] 2 and 3 only

[D] All of the above

Answer: D
Notes:

Explanation:

  • Statement 1 is correct as the New Development Bank is headquartered in Shanghai, China, and has regional offices in South Africa and Brazil.
  • Statement 2 is correct because membership in the NDB is open to all United Nations members.
  • Statement 3 is correct as Algeria has officially joined the NDB, marking a significant expansion into North Africa.

Source– HT

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