UPSC Prelims 2019 · Question 1 of 99

UPSC Prelims 2019 question on AIIB Members Largest Shareholder

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?

  1. 1 only
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1, 2 and 3
Show answer

Answer: A. 1 only

Verdict

Correct statement: 1 only → Option (a).

Statement by statement

Statement 1 – CORRECT: AIIB is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond. Currently it has 97 approved members, which is more than 80, with India as a founding member.

Statement 2 – INCORRECT: India is the second largest shareholder in AIIB with 7.5% voting shares, while China holds 26.06% voting shares, being the largest.

Statement 3 – INCORRECT: AIIB has members from outside Asia as well, including European countries and others.

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