2015 · Q110
Which of the following statements with regard to New Development Bank BRICS, formerly referred to as the BRICS Development Bank, is/are correct?
- 1The Headquarters of the Bank is situated at Moscow, Russia.
- 2K. V. Kamath is the first President of the Bank.
Select the correct answer using the code given below.
General KnowledgeCurrent Affairs
- A1 only
- B2 only
- CBoth 1 and 2
- DNeither 1 nor 2
Explanation
K.V. Kamath was appointed the first president of the BRICS New Development Bank — statement 2 is correct. But the bank's headquarters is in Shanghai, China, not Moscow — statement 1 is false. Hence 2 only.