Shanghai to be New BRICS headquarter

Q.  Where will be the headquarters of New Development Bank of BRICS?
- Published on 27 Feb 15

a. Beijing
b. Shanghai
c. Mumbai
d. New Delhi

ANSWER: Shanghai
 
The Union Cabinet, chaired by Prime Minister Narendra Modi, on 26th Feb’15 gave approval for establishing the New Development Bank (NDB) and the BRICS Contingent Reserve Arrangement (CRA).

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