New Enroll in RBI Grade B New Batch - Starts on May 21

    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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