Consider the following statements: 1. New Development Bank has been set up by APEC. 2. The headquarters of New Development Bank is in Shanghai. Which of the statements given above is/are correct?

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CollectorBabu · Accepted Answer

Correct Answer: 2 only. ● The New Development Bank, formerly referred to as the BRICS Development Bank, was established by the BRICS states (Brazil, Russia, India, China and South Africa) in 2014. ● The bank is headquartered in Shanghai.

Consider the following statements: 1. New Development Bank has been set up by APEC. 2. The headquarters of New Development Bank is in Shanghai. Which of the statements given above is/are correct?

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