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    Question

    Where is the Headquarter of New Development Bank

    (NDB)?
    A New Delhi Correct Answer Incorrect Answer
    B Brasília Correct Answer Incorrect Answer
    C Moscow Correct Answer Incorrect Answer
    D Shanghai Correct Answer Incorrect Answer
    E Kathmandu Correct Answer Incorrect Answer

    Solution

    The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states (Brazil, Russia, India, China and South Africa). According to the Agreement on the NDB, "the Bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments." Headquarter of NDB is in Shanghai, China President of NDB is Mr.K.V. Kamath.

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