BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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

NDB, formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states. What is the full form of NDB?

A	New Department Bank
B	Nominal Development Bank
C	New Development Basel
D	New Development 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: -Q. Which country is the new member of the BRICS New Development Bank (NDB)? Notes: The BRICS New Development Bank (NDB) announced that it will add Egypt as its new member. NDB was established by BRICS nations, namely Brazil, Russia, India, China, and South Africa, in the year 2015.

Detailed explanation-3: -India welcomed Egypt’s entry as the fourth new member of the New Development Bank (NDB). The NDB admitted Bangladesh, United Arab Emirates (UAE), and Uruguay as its new members in September 2021.

Detailed explanation-4: -BRICS started in 2001 as BRIC, an acronym coined by Goldman Sachs for Brazil, Russia, India, and China. South Africa was added in 2010. 34.

There is 1 question to complete.