CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Prime Minister Narendra Modi will inaugurate the 3rd Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) on June 25-26 in
A
Lucknow
B
Hyderabad
C
New Delhi
D
Mumbai
Explanation: 

Detailed explanation-1: -The theme of the 2022 AIIB Annual Meeting is “Sustainable Infrastructure Toward a Connected World”, which aims to reaffirm infrastructure’s crucial role in supporting recovery, growth and connectivity.

Detailed explanation-2: -The Asian Infrastructure Investment Bank’s (AIIB) Board of Governors has approved Mauritania’s application, raising the Bank’s approved membership to 106. Mauritania is now AIIB’s 55th nonregional member, 21 of which are from Africa.

Detailed explanation-3: -AIIB began operations in 2016 with 57 founding Members (37 regional and 20 nonregional). By the end of 2020, we had 103 approved Members representing approximately 79 percent of the global population and 65 percent of global GDP.

Detailed explanation-4: -India and AIIB: India has a 7.6% shareholding in the bank, which is second to China that has 26.6% shares. India is one of the largest beneficiaries of infrastructure projects financed by AIIB.

There is 1 question to complete.