GENERAL KNOWLEDGE

GK

IMPORTANT ACTS OF THE PARLIAMENT OF INDIA

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
African Development Bank Act____
A
1981
B
1982
C
1983
D
1984
Explanation: 

Detailed explanation-1: -The Bank, its property, other assets, income and its operations and transactions shall be exempt from all taxation and from all customs duties. The Bank shall also be exempt from any obligation relating to the payment, withholding or collection of any tax or duty.

Detailed explanation-2: -India and the African Development Bank 2.1 Membership: India was admitted to the membership of the African Development Bank on December 6, 1983 2.2 India Shareholding: 2.3 India holds 14, 813 shares, accounting for only 0.224% of the total shares.

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