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1. Question
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Which of the following are the members of the New Development Bank?
1. Bangladesh
2. United Arab Emirates
3. Uruguay
4. Egypt
5. Maldives
Select the correct answer using the code given below:
Correct
Option A is the correct answer.
The Agreement on the New Development Bank entered into force in July 2015, with the official declaration of all five states that have signed it. The five founding members of the Bank include Brazil, Russia, India, China and South Africa. Bank's Articles of Agreement specify that all members of the United Nations could be members of the bank, however the share of the BRICS nations can never be less than 55% of voting power. Expanding the NDB's membership is considered by some experts to be crucial to its long-term development by helping boost the bank's business growth.
In September 2021, Bangladesh, the United Arab Emirates and Uruguay joined the NDB. In December 2021, the NDB admitted Egypt as new member.
Incorrect
Option A is the correct answer.
The Agreement on the New Development Bank entered into force in July 2015, with the official declaration of all five states that have signed it. The five founding members of the Bank include Brazil, Russia, India, China and South Africa. Bank's Articles of Agreement specify that all members of the United Nations could be members of the bank, however the share of the BRICS nations can never be less than 55% of voting power. Expanding the NDB's membership is considered by some experts to be crucial to its long-term development by helping boost the bank's business growth.
In September 2021, Bangladesh, the United Arab Emirates and Uruguay joined the NDB. In December 2021, the NDB admitted Egypt as new member.
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