The BRICS New Development Bank (NDB) has been set up for
A. Funding Infrastructure projects in emerging economics for sustainable development
B. Funding non - infrastructure projects in emerging economics for sustainable development
C. Funding infrastructure projects in developed countries
D. Funding infrastructural projects in BRICS countries only
Answer: Option A
Solution(By Examveda Team)
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."This Question Belongs to General Knowledge >> World Organisations
The chairmanship/presidency of the UN Security Council rotates among the Council Members -
A. every 6 months
B. every 3 months
C. every year
D. every month
Which of the following is not a chief organ of the United Nations Organisation?
A. International Labour Organisation
B. Security Council
C. International Court of Justice
D. General Assembly
Permanent Secretariat to coordinate the implementation of SAARC programme is located at -
A. Dhaka
B. New Delhi
C. Colombo
D. Kathmandu
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