2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$ 10 million
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$ 150 million
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$ 160 million
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$ 120 million
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Detailed explanation-1: -India is by far the top recipient of AIIB loans, accounting for almost 20% of the bank’s projects.
Detailed explanation-2: -The Mission of the AIIB is to improve social and economic outcomes in Asia. Asian Infrastructure Investment Bank is headquartered in Beijing and started operations in 2016. China is the largest shareholder with 26.61 % voting shares in the bank, followed by India (7.6%), Russia (6.01%), and Germany (4.2 %).
Detailed explanation-3: -India is the second-largest shareholder in Asian Infrastructure Investment bank. The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that aims to support the building of infrastructure in the Indo-Pacific region. Headquartered in Bejing and began operations in January 2016.