WBCS.LIVE practice question

Where is the headquarters of the New Development Bank (NDB), established by the BRICS nations, located?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Beijing, China
  2. Moscow, Russia
  3. Shanghai, China
  4. New Delhi, India

Correct answer and explanation

Correct answer: Shanghai, China

Explanation: āœ… Correct Answer: C) Shanghai, China šŸ“š Explanation: The New Development Bank (NDB) is a multilateral development bank jointly established by the BRICS states (Brazil, Russia, India, China, and South Africa). Its primary objective is to mobilize resources for infrastructure and sustainable development projects in emerging economies. The official headquarters of this powerful financial institution is located in Shanghai, China.