Q. With reference to the Asian Infrastructure Investment Bank (AIIB), consider the following statements:
1.AIIB has more than 80 member nations.
2.India is the largest shareholder in AIIB.
3.AIIB does not have any members from outside Asia.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: A
Notes:

Explanation:

  • Statement 1 is correct. The AIIB currently has over 100 approved members from around the world (both regional and non-regional members).
  • Statement 2 is incorrect. China is the largest shareholder of AIIB, not India. India is among the top shareholders but ranks behind China.
  • Statement 3 is incorrect. AIIB includes many members from outside Asia, including countries from Europe, Africa, and the Americas.

Source– Asian Infrastructure Investment Bank (AIIB) official site

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