2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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China
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Pakistan
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India
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South Africa
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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 bank was proposed by China in 2013 and the initiative was launched at a ceremony in Beijing in October 2014. It received the highest credit ratings from the three biggest rating agencies in the world, and is seen as a potential rival to the World Bank and IMF.
Detailed explanation-3: -28 (Xinhua)–The Asian Infrastructure Investment Bank (AIIB) has approved the application of Nigeria to join the bank, bringing its total membership to 104, 11 of which are from Africa. The AIIB’s African members are responsible for over 60 percent of the continent’s gross domestic product.
Detailed explanation-4: -For the UK, which has an economy pillared by finance, joining the AIIB will help the traditional finance powerhouse to maintain its advantages, especially in a post-Brexit era.