Which of the following statements are correct regarding the New Development Bank (NDB)? 1. The NDB was established by the BRICS countries to support infrastructure and sustainable development projects. 2. The NDB's headquarters is located in New Delhi, India. 3. The NDB provides financial assistance exclusively to BRICS member countries. 4. All members of the NDB have equal voting rights Select the correct answer: |ForumIAS

[A] 1 and 2 only

[B] 1 and 4 only

[C] 1, 3, and 4 only

[D] All of the above

Answer: B

Notes:

Explanation:

Statement 1 is correct: The NDB was established by BRICS nations to support infrastructure and sustainable development projects.
Statement 2 is incorrect: The NDB’s headquarters is in Shanghai, China, not New Delhi.
Statement 3 is incorrect: The NDB provides financial assistance to BRICS countries as well as other emerging and developing economies, not exclusively to BRICS members.
Statement 4 is correct: Unlike the World Bank or ADB, the NDB grants equal voting rights to all its members, promoting equal partnership among members.

Source– Newdevelopmentbank official site