CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Islamic Development Bank (IDB) in May 2016 announced to open its first branch in India at which city
A
Ahmedabad
B
Hyderabad
C
Mumbai
D
New Delhi
Explanation: 

Detailed explanation-1: -Islamic Development Bank (IDB) in May 2016 announced to open its first branch in India at Ahmedabad, Gujarat.

Detailed explanation-2: -Islamic Development Bank is to open its first branch in Ahmedabad in India.

Detailed explanation-3: -It is headquartered in Jeddah (Saudi Arabia) with three regional offices in member countries: Almaty (Kazakhstan), Kuala Lumpur (Malaysia), and Rabat (Morocco). It also has field representatives in seven member countries: Indonesia, Iran, Kazakhstan, Libya, Pakistan, Senegal and Sudan.

Detailed explanation-4: -We are a truly global institution, headquartered in Jeddah, Saudi Arabia, with major hubs in Morocco, Malaysia, Kazakhstan and Senegal, and gateway offices in Egypt, Turkey, Indonesia, Bangladesh and Nigeria.

Detailed explanation-5: -So AIFICIL is touted as India’s first commercial Islamic banking institution, and is getting set to open branches in Hyderabad, Madras and Calicut as the first steps in reaching for a national network.

There is 1 question to complete.