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Railways PYQCBT 1 2016

RRB NTPC · Question 80

The BRICS Development Bank is now called as

  1. Asia Development Bank

  2. World Bank

  3. New Development Bank

  4. New BRICS Bank

Show answer & explanation

Answer: (C) New Development Bank

Explanation

The BRICS Development Bank was renamed the New Development Bank (NDB). It was set up in 2014–15 by Brazil, Russia, India, China and South Africa, has its headquarters in Shanghai, and its first president was K. V. Kamath of India.