Question 31 from UPSC CSE 2019 - Current Affairs

Question

With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements:
1. AIIB has more than 80 member nations.
2. India is the largest shareholder in AIIB.
3. AIIB does not have any members from outside Asia.
Which of the statements given above is/are correct?

Accepted Answer

Correct Option: A. 1 only

Strategy: Focus on the 'largest shareholder' and 'members from outside Asia' keywords. Statement 2 is incorrect as China, not India, is the largest shareholder. Knowing that countries from Europe, Oceania, and Africa are also members (e.g., UK, Germany, Egypt), statement 3 is false. Statement 1 about 'more than 80 members' is supported by current data. Only statement 1 stands true.

Key Info: The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank established in 2016 with the goal of promoting sustainable infrastructure and economic development in Asia and beyond. As of 2024, AIIB has 100 approved members globally, comprising both regional and non-regional countries. Major non-Asian member countries include the United Kingdom, Germany, France, Canada, and Egypt. China is the largest shareholder with a voting share exceeding 26%, while India is the second largest with approximately 7.5%. The AIIB's headquarters is in Beijing, China. India is a founding member. The bank focusses mainly on infrastructure financing in Asia but is open to projects in other regions. Non-Asian members play a significant role in the institution's governance and funding.

Answer

Option B: 2 and 3 only

Answer

Option C: 1 and 3 only

Answer

Option D: 1, 2, and 3

With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements: AIIB has more than 80 member nations. India is the largest shareholder in AIIB. AIIB does not have any members from outside Asia. Which of the statements given above is/are correct?

With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements:

AIIB has more than 80 member nations.

India is the largest shareholder in AIIB.

AIIB does not have any members from outside Asia.
Which of the statements given above is/are correct?