BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
ADB was conceived in the early 1960s as a financial institution. ADB stands for
A
Asian Department Bank
B
Asian District Bank
C
African Development Bank
D
Asian Development Bank
Explanation: 

Detailed explanation-1: -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 bank also maintains 31 field offices around the world to promote social and economic development in Asia.

Detailed explanation-2: -The Asian Development Bank (ADB) supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support. Home.

Detailed explanation-3: -Non-profit government organizations typically receive funding from governments, charities, corporations, benefactors, and regional organizations. As an AAA-rated institution, the Asian Development Bank (ADB) raises funds through bond issues on the world’s capital markets.

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