The New Development Bank (NDB) is an initiative of which grouping? MCQ with Answer and Explanation

The New Development Bank (NDB) is an initiative of which grouping?
A. G7
B. BRICS
C. ASEAN
D. SAARC
Answer: Option B
Solution (By JKExamLibrary)
The New Development Bank (formerly BRICS Development Bank) was established by BRICS members in 2015, headquartered in Shanghai.

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More International Organizations Questions

Question #1 Report Error
Which of the following organizations has the ‘One Country, One Vote’ principle in its highest decision-making body?
A. WTO
B. UN General Assembly
C. IMF
D. World Bank

Correct Answer: Option B


Explanation:
The UN General Assembly operates on the principle of one vote per member state, unlike the IMF and World Bank which have weighted voting.

Question #2 Report Error
Which UN specialized agency has the mandate to improve food security and agricultural productivity?
A. FAO
B. WHO
C. WFP
D. IFAD

Correct Answer: Option A


Explanation:
The Food and Agriculture Organization (FAO) leads international efforts to defeat hunger, improve nutrition, and increase agricultural productivity.

Question #3 Report Error
The International Labour Organization (ILO) is a specialized agency of the UN, headquartered in:
A. Vienna
B. Paris
C. New York
D. Geneva

Correct Answer: Option D


Explanation:
The ILO, founded in 1919, has its headquarters in Geneva, Switzerland.