3. Understanding the New Development Bank

What was the original name of the New Development Bank (NDB)?

• Asian Infrastructure Investment Bank

• BRICS Development Bank

• International Monetary Fund

• World Bank

In which year was the New Development Bank (NDB) established?

• 2010

• 2012

• 2014

• 2016

Where is the headquarters of the New Development Bank (NDB) located?

• New Delhi, India

• Moscow, Russia

• Shanghai, China

• Brasília, Brazil

Which of the following countries is NOT a founding member of the NDB?

• Brazil

• Russia

• United Arab Emirates

• South Africa

What is the primary aim of the New Development Bank (NDB)?

• To finance military projects

• To finance sustainable development and infrastructure projects

• To provide personal loans to individuals

• To compete with private banks

Which of the following countries is a member of the NDB but not a BRICS country?

• India

• China

• Bangladesh

• South Africa

How many additional countries have joined the NDB since its launch?

• 2

• 3

• 4

• 5

Which of the following is a criticism of the existing model of development according to the NDB?

• It is too focused on technology

• It is socially harmful and environmentally unsustainable

• It is too slow

• It is too expensive

Which of the following countries is NOT a member of the NDB?

• Egypt

• Uruguay

• Japan

• UAE

What does the NDB aim to be, in addition to being transparent?

• Profitable

• Accountable

• Secretive

• Exclusive