Question

The New Development Bank is also referred to as ______ bank?

A BRICS Bank Correct Answer Incorrect Answer
B World Bank Correct Answer Incorrect Answer
C Swiss Bank Correct Answer Incorrect Answer
D ADB Correct Answer Incorrect Answer
E AIIB Correct Answer Incorrect Answer

Solution

The New Development Bank (NDB) is a multilateral bank established by BRICS countries which include (Brazil, Russia, India, China and South Africa) to mobilize resources for development projects in BRICS, emerging economies and developing countries. 

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