New Development Bank — MCQ Practice
Interactive MCQ Practice
Test your knowledge. Click “Solve” to reveal options, select your answer, then check the result. 5 questions available.
Consider the following statements about the New Development Bank (NDB): 1. It was established by the BRICS countries with headquarters in Mumbai, India. 2. Each founding member country has equal voting rights of 20%. 3. The bank can only finance projects within BRICS member countries. 4. K.V. Kamath of India was the first President of the NDB. Which of the statements given above are correct?
Which of the following countries have recently joined the New Development Bank as new members? 1. Bangladesh 2. Egypt 3. Indonesia 4. Uruguay 5. United Arab Emirates Select the correct answer using the code given below:
The New Development Bank differs from the World Bank in which of the following ways? 1. Equal voting rights among founding members 2. Faster project approval process 3. Lending in local currencies 4. No policy conditionalities Select the correct answer:
Consider the following statements about India's relationship with the New Development Bank: 1. India proposed the concept of NDB during its BRICS chairmanship in 2012. 2. India's contribution to NDB's initial capital is US$ 15 billion. 3. The NDB's regional office for South Asia is located in New Delhi. 4. India received emergency assistance from NDB during COVID-19 pandemic. Which of the statements given above are correct?
The authorized capital of the New Development Bank is: