NDB: Initial capital & Regional offices - Diplomacy and International relations

Q.  Consider the following statements

1. New Development Bank (NDB) will start operating with $50 billion in initial capital with the five BRICS contributing $10 billion each.

2. Regional office will be in Johannesburg, South Africa.

3. K.V. Kamath was appointed as first President New Development Bank (NDB) of BRICS nations.

Which of the above statements are correct?
- Published on 05 May 15

a. 2,3
b. 1,2
c. 1,3
d. All

ANSWER: All

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