2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Moscow, Russia
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Shanghai, China
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Rio de Janeiro, Brazil
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Delhi, India
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Detailed explanation-1: -The Bank is headquartered in Shanghai, China with regional offices in South Africa and Brazil. Mr. K.V. Kamath from India was the first President of the NDB (2015-2020).
Detailed explanation-2: -CAPITAL STRUCTURE AND SUBSCRIPTION The New Development Bank (NDB) has an authorized capital of USD 100 billion, which is divided into one million shares that have a par value of one hundred thousand dollars each.
Detailed explanation-3: -On June 23, 2022, Mr. Marcos Troyjo, President of the New Development Bank (NDB), reported on the Bank’s achievements to the Leaders of Brazil, Russia, India, China and South Africa at the 14th BRICS Summit, held in a virtual format under the chairmanship of the Government of the People’s Republic of China.
Detailed explanation-4: -The New Development Bank (NDB) was established in 2015 by BRICS countries – Brazil, Russia, India, China and South Africa.