📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Consider the following statements regarding the Asian

    Infrastructure Investment Bank (AIIB): 1. AIIB was established in 2016 with its headquarters in Beijing. 2. It plans to raise the share of private sector financing from about 25% to 50% by 2030. 3. Since inception, AIIB’s lending to India has been entirely in the public sector, with no role in private-sector financing. Which of the above statements is/are correct?
    A 1 only Correct Answer Incorrect Answer
    B 1 and 2 only Correct Answer Incorrect Answer
    C 2 and 3 only Correct Answer Incorrect Answer
    D 1 and 3 only Correct Answer Incorrect Answer
    E 1, 2 and 3 Correct Answer Incorrect Answer

    Solution

    • Statement 1 – Correct:  The Asian Infrastructure Investment Bank (AIIB) was formed on 16 January 2016, with headquarters in Beijing, China. The current president is Jin Liqun. • Statement 2 – Correct:  AIIB plans to double private sector financing by 2030, raising its share from 24.6% (~25%) to 50%. The total lending target is $17–18 billion annually in the coming years. • Statement 3 – Incorrect:  AIIB has lent nearly $12 billion to India, of which about $1.8 billion has gone to the private sector, showing its role is not limited to the public sector.

    Practice Next
    More MCQs for RBI Grade B Questions
    ask-question