The New Development Bank:

  1. has been established by member states of European Union (EU)
  2. has its headquarters at Moscow, Russia

Which of the above statements is/are correct?

Answer: [D] Neither 1 nor 2

First statement is incorrect because the New Development Bank has been established by the BRICS states. Second statement is incorrect because its headquarters are at Shanghai, China.

This question is a part of GKToday's Integrated IAS General Studies Module