CDS 2019 PYQ with Answer — Which one of the following countries is not a founding member of the…

2019 · Q6

Which one of the following countries is not a founding member of the New Development Bank?

General KnowledgeCurrent Affairs

ABrazil
BCanada
CRussia
DIndia

Explanation

The New Development Bank was established by the five BRICS countries — Brazil, Russia, India, China and South Africa — under the Fortaleza Declaration at the 6th BRICS summit in 2014, with its headquarters at Shanghai. Canada is not a BRICS member and took no part in founding the bank. The bank finances infrastructure and sustainable development projects in emerging economies. Hence Canada is not among the founding members.