With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements 1. AIIB has more than 80 member nations. 2. India is the largest shareholder in AIIB. 3. AIIB does not have any members from outside Asia. Which of the statem

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Q: 1 (IAS/2019)
With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements
1. AIIB has more than 80 member nations.
2. India is the largest shareholder in AIIB.
3. AIIB does not have any members from outside Asia.
Which of the statements given above is / are correct?

question_subject: 

General Knowledge

question_exam: 

IAS

stats: 

0,216,63,216,25,25,13

keywords: 

{'aiib': [0, 0, 0, 2], 'asian infrastructure investment bank': [0, 0, 0, 1], 'member nations': [0, 0, 0, 2], 'india': [8, 1, 7, 13], 'asia': [0, 0, 1, 0], 'largest shareholder': [0, 0, 0, 1], 'members': [37, 11, 44, 71]}

The correct answer is Option 1, which states that "AIIB has more than 80 member nations."

Here`s the breakdown:

Statement 1: This is correct, AIIB indeed has more than 80 member nations. It started with 57 founding members and grew to include more over time.

Statement 2: This is incorrect. China is the largest shareholder in AIIB, not India. While India is a member and one of the largest borrowers, its share is considerably less than that of China.

Statement 3: This is also incorrect because AIIB has members from outside Asia. Its membership is open to all members of the International Bank for Reconstruction and Development or the Asian Development Bank.

So, while AIIB does have a significant number of members (as stated in statement 1), its largest shareholder is not India (statement 2), and it does have non-Asian members (statement 3). Therefore, only statement 1 is correct.