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?
A
1 only
Correct answer
B
2 and 3 only
C
1 and 3 only
D
1, 2 and 3
Explanation
Statement 1 is correct because the AIIB has expanded rapidly since its 2016 inception and currently has over 100 approved members globally. Statement 2 is incorrect as China is the largest shareholder (approx. 26% voting power) while India is the second-largest, and Statement 3 is false because the bank includes many "non-regional" members from outside Asia, such as the UK, Germany, and Canada. The core concept tested is the organizational structure and membership diversity of major multilateral development banks.
International OrganizationsMultilateral Development BanksAIIBAsian Infrastructure Investment Bankmember nationsIndialargest shareholderAsianon-Asian members