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?
1 only
2 and 3 only
1 and 3 only
1, 2 and 3
The correct option is 1 only.
Let's analyze each statement regarding the Asian Infrastructure Investment Bank (AIIB) in detail:
Statement 1: "AIIB has more than 80 member nations."
This statement is correct. The Asian Infrastructure Investment Bank (AIIB) started operations in January 2016 with 57 founding members. Over the years, its membership has grown significantly and currently includes over 100 approved member countries worldwide.
Statement 2: "India is the largest shareholder in AIIB."
This statement is incorrect. China is the largest shareholder in AIIB with the highest voting share (over 26%), while India is the second-largest shareholder with approximately 7.5% of voting power.
Statement 3: "AIIB does not have any members from outside Asia."
This statement is incorrect. Membership in AIIB is open to all members of the International Bank for Reconstruction and Development (IBRD) or the Asian Development Bank (ADB). It includes non-regional members from Europe, Africa, South America, and Oceania (such as the UK, Germany, France, Australia, and Canada).
Therefore, only statement 1 is correct.
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