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What is the full form of "ADB"?

A. Australian Development Board of Banking

B. American Development for Banking

C. Asian Department of Banking and Financing

D. Asian Development Bank

Answer: Option D

Solution(By Examveda Team)

The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The company also maintains 31 field offices around the world to promote social and economic development in Asia. The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries. From 31 members at its establishment, ADB now has 68 members.

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