Q. Consider the following statements regarding the Asian Development Bank:
1.All member countries of ADB are located within the Asia-Pacific region.
2.India and China are its largest shareholders.
3.Its headquarters is located in Manila, Philippines.
How many of the statements given above are correct?
Answer: A
Notes:
Explanation:
- Statement 1 is incorrect: ADB has 69 members, of which 50 are from Asia and the Pacific and 19 are from outside the region.
- Statement 2 is incorrect: The largest shareholders are Japan and the United States (15.6% each), followed by China, India, and Australia.
- Statement 3 is correct: The headquarters of ADB is located in Manila, Philippines.
Source- reuters
