Name the bank/organisation, which has signed a multilateral cooperation agreement with member development banks of BRICS to undertake collaborative research in distributed ledger/blockchain technology.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Name the bank/organisation, which has signed a multilateral cooperation agreement with member development banks of BRICS to undertake “collaborative research” in distributed ledger/blockchain technology.

A	Exim Bank of India
B	Reserve Bank of India
C	State Bank of India
D	ICICI Bank

Explanation:

Detailed explanation-1: -The NDB is a multilateral financial institution established by the BRICS countries, namely, Brazil, Russia, India, China and South Africa.

Detailed explanation-2: -New Development Bank (NDB) is a multilateral development bank established by BRICS countries which have a combined share of 24% of global GDP* and 16% share in world trade*. The idea of setting up NDB was first conceived in 2012 during BRICS Summit in New Delhi, India.

Detailed explanation-3: -Established in 2015 by BRICS countries, the New Development Bank is a multilateral development bank aimed at mobilising resources for infrastructure and sustainable development projects in BRICS and other EMDCs.

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