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GK QUESTION#1253

Which development bank was created by BRICS countries to support infrastructure and sustainable development projects?

  1. AInternational Monetary Fund
  2. BNew Development BankCorrect answer
  3. CAsian Development Bank
  4. DInternational Bank for Reconstruction and Development
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Answer

B. New Development Bank

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Explanation

New Development Bank. The New Development Bank (NDB) was established by the BRICS countries — Brazil, Russia, India, China, and South Africa — in 2014. Headquartered in Shanghai, China.

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