BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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India
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Russia
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Germany
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China
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Detailed explanation-1: -(c) India became the 69th shareholder of the bank.
Detailed explanation-2: -India is now proudly, the 69th shareholder of the European Bank for Reconstruction and Development (EBRD), making it’s way for more joint investment with Indian companies across the bank’s regions of operation.
Detailed explanation-3: -Similar to other multilateral development banks, the EBRD has members from all over the world (North America, Africa, Asia and Australia, see below), with the biggest single shareholder being the United States, but only lends regionally in its countries of operations.
Detailed explanation-4: -Gradually, it expanded to support more than 30 countries from central Europe to central Asia in their development. The biggest shareholders of EBRD are from the United States.
Detailed explanation-5: -The European Bank for Reconstruction and Development (EBRD), the first international financial institution of post-Cold War Europe, was founded in 1991 to ease the path of the former communist countries of Central and Eastern Europe (CEE) and the former Soviet Union from planned to free-market economies.