With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements:1. AIIB has more than 80 member nations.2. India is the largest shareholder in AIIB.3. AlIB does not have any members from outside Asia.Which of the statements given above is/are correct?
✓ Correct answer: a) 1 only
ExplanationStatement 1 is correct : As of 2023 the Asian Infra- structure Investment Bank (AIIB) had 105 member's.As of January 2025 the AIIB boasts 110 approved members worldwide which indicates its extensive global reach.Statement 2 is incorrect : India is the second-largest share- holder in AIIB and holds 7.5% of the voting shares.The largest shareholder is China with 26.5% of the voting shares.Statement 3 is incorrect : The AIIB’s membership extends be- yond Asia and includes countries from Europe, Africa and the Americas.For instance nations like Canada, Egypt, and France are members and reflects the bank’s global appeal.UPSC GS Paper-I PYQs 308 SUPER HINT S1 and S2 itself contradicts, an organ of NITI and headed by FM, hence either is clearly false, eliminating options A and D. The name ""Financial stability" make the proba- bilty of S2 being true more.256
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