Which of the following statements with regard to New Development Bank BRICS, formerly referred to as the BRICS Development Bank, is/are correct? 1. The Headquarters of the Bank is situated at Moscow, Russia. 2. K. V. Kamath is the first President of the B

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Q: 110 (CDS-II/2015)

Which of the following statements with regard to New Development Bank BRICS, formerly referred to as the BRICS Development Bank, is/are correct?
1. The Headquarters of the Bank is situated at Moscow, Russia.
2. K. V. Kamath is the first President of the Bank.
Select the correct answer using the code given below.

question_subject: 

Economics

question_exam: 

CDS-II

stats: 

0,45,34,7,45,8,19

keywords: 

{'new development bank brics': [0, 0, 0, 1], 'brics development bank': [0, 0, 0, 1], 'bank': [0, 1, 0, 1], 'headquarters': [7, 0, 18, 27], 'moscow': [1, 0, 0, 0], 'russia': [0, 0, 1, 1], 'first president': [1, 0, 0, 0]}

The correct answer is option 2, which states that K. V. Kamath is the first President of the New Development Bank BRICS (formerly referred to as the BRICS Development Bank).

Option 1 is incorrect because the headquarters of the New Development Bank BRICS is not situated in Moscow, Russia. The headquarters of the bank is actually located in Shanghai, China.

Therefore, option 3 (Both 1 and 2) and option 4 (Neither 1 nor 2) are incorrect.

In conclusion, the correct answer is option 2, as K. V. Kamath is indeed the first President of the New Development Bank BRICS.

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