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UPSC Prelims 2019 Paper-1 📅 02 Jun, 2019

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?

A
1 only
B
2 and 3 only
C
1 and 3 only
D
1, 2 and 3
Result Summary
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UPSC Prelims
2019 • 02 Jun, 2019 • Paper-1
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?
Correct Answer
1 only
Statement 1 Analysis: This is factually correct. By the time of the examination (2019), the AIIB had grown rapidly into a massive multilateral development bank,......
Ref/Book : UPSC Prelims 2019
Ref. Subject International Relations
Chapter -
Ref. Topic International Organizations
Pg. No -
💡 Analysis & Explanation
Statement 1 Analysis ▼
This is factually correct. By the time of the examination (2019), the AIIB had grown rapidly into a massive multilateral development bank, with its approved membership having well exceeded the 80-nation mark globally.
Statement 2 Analysis ▼
This is incorrect. China is the principal founder, the largest shareholder, and holds the highest voting power in the AIIB. India is the second-largest shareholder, followed by Russia.
Statement 3 Analysis ▼
This is incorrect. The bank's charter explicitly keeps membership open. Consequently, it possesses numerous prominent non-regional members from entirely outside Asia, including countries from Europe, Africa, and South America (e.g., the UK, Germany, France, and Egypt).
Conclusion ▼
Only the first statement is true.
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