Which of the following statements with regard to the proposed Asian Infrastructure Investment Bank is/are correct ? 1. India is one of the founding members of the Bank. 2. The Bank is to be headquartered in Shanghai. Select the correct answer using the co

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Q: 120 (CDS-I/2015)

Which of the following statements with regard to the proposed Asian Infrastructure Investment Bank is/are correct ?
1. India is one of the founding members of the Bank.
2. The Bank is to be headquartered in Shanghai.
Select the correct answer using the code given below :

question_subject: 

Economics

question_exam: 

CDS-I

stats: 

0,82,116,82,14,94,8

keywords: 

{'asian infrastructure investment bank': [0, 0, 0, 1], 'bank': [0, 1, 0, 1], 'india': [8, 1, 7, 13], 'shanghai': [1, 0, 4, 4]}

The correct answer is option 1, which states that India is one of the founding members of the proposed Asian Infrastructure Investment Bank. This means that India is one of the countries that helped establish the bank.

Option 2, which states that the bank is to be headquartered in Shanghai, is incorrect. The correct headquarters for the Asian Infrastructure Investment Bank is in Beijing, China.

In summary, India being one of the founding members of the proposed Asian Infrastructure Investment Bank is correct, but the bank`s headquarters being in Shanghai is incorrect.