Home PYQs UPPSC UPPSC MCQs Prelims 2017 (GS Paper I)

Question

Which bank has been established in China by BRICS countries?

  1. New Industrial Development Bank
  2. New Agricultural Development Bank
  3. New Development Bank
  4. New Commercial Bank

Answer:

Option C: New Development Bank

Detailed Solution:

The correct answer is “New Development Bank”.

The New Development Bank (NDB) is the bank established by BRICS countries in China. It was founded to support infrastructure and sustainable development projects in BRICS and other emerging economies.