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Question 16 of 32

Q.New Development Bank is associated with :

(a) SAARC
(b) BRICS
(c) ASEAN
(d) WTO
Puducherry TnboardTamil Nadu HSC (DGE) Commerce Board 2022MCQ· 1mImportance★★★★★
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The New Development Bank is the BRICS bank, so option (b) is correct.

The New Development Bank (NDB) was established in 2014 by the BRICS countries — Brazil, Russia, India, China and South Africa — with its headquarters in Shanghai. It funds infrastructure and sustainable development projects in the member and other emergi …

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