UPSC CSE Prelims
Question 53
Consider the following statements :
- New Development Bank has been set up by APEC.
- The headquarters of New Development Bank is in Shanghai.
Which of the statements given above is/are correct?
View correct answer and explanation
Correct answer: B
Correct Option: B
Explanation: The New Development Bank was founded by BRICS, not APEC; its headquarters was established in Shanghai.
Statement/Pair-wise Analysis:
Statement/Item 1: Incorrect - Brazil, Russia, India, China and South Africa set up NDB under the BRICS framework.
Statement/Item 2: Correct - The NDB’s headquarters is in Shanghai, China.
Option-wise Analysis:
A: Incorrect - includes incorrect statement/item 1; omits correct statement/item 2.
B: Correct - includes all and only the true statements/items.
C: Incorrect - includes incorrect statement/item 1.
D: Incorrect - omits correct statement/item 2.