With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements :
- AIIB has more than 80 member nations.
- India is the largest shareholder in AIIB.
- AIIB does not have any members from outside Asia.
Which of the statements given above is/are correct?
Detailed Explanation:
Answer: Option 1 — 1 only
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank established in 2016 with headquarters in Beijing. Among the three statements, only the first statement about AIIB having more than 80 member nations is correct.
✅ Statement 1 – Correct: AIIB has more than 80 member nations (as of 2024, it has 109 approved members from across the globe).
❌ Statement 2 – Incorrect: India is the second-largest shareholder in AIIB with approximately 7.5% voting share, while China is the largest shareholder with around 26.6% voting share.
❌ Statement 3 – Incorrect: AIIB has members from outside Asia, including numerous European countries (like UK, Germany, France), as well as members from South America, Africa, and Oceania.
📝 Short Notes: Asian Infrastructure Investment Bank (AIIB)
| Aspect | Details |
|---|---|
| Establishment | January 2016 |
| Headquarters | Beijing, China |
| Total Members | 109 approved members (as of 2024) |
| Largest Shareholder | China (~26.6% voting share) |
| Second Largest Shareholder | India (~7.5% voting share) |
| Purpose | Infrastructure development and regional connectivity in Asia-Pacific |
| Global Reach | Members from Asia, Europe, Africa, South America, and Oceania |
| Key Focus Areas | Sustainable infrastructure, green energy, transportation, urban development |
Question 7 of 14 Regional Organizations & Groupings
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