2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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525 millions
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250 millions
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360 millions
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685 millions
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Detailed explanation-1: -The New Development Bank (NDB) of the BRICS countries has approved a $525-million loan to Madhya Pradesh for infrastructure projects, it said on Thursday.
Detailed explanation-2: -The New Development Bank shall have an initial subscribed capital of US$ 50 billion and an initial authorized capital of US$ 100 billion.
Detailed explanation-3: -Russia is subjected to a slew of international sanctions, leaving the country cut off from Western markets and leading to a default on its debt - the first in two decades.
Detailed explanation-4: -New Development Bank (NDB) was formally known as BRICS Development Bank. It was launched in 2015 by Brazil, Russia, India, China, and South Africa (BRICS), a group of major emerging economies. The current president of the NDB is Marcos Prado Troyjo from Brazil. The NDB headquarters are situated in Shanghai, China.