Which one of the following countries is not a founding member of the N

Which one of the following countries is not a founding member of the New Development Bank ?

[amp_mcq option1=”Brazil” option2=”Canada” option3=”Russia” option4=”India” correct=”option2″]

This question was previously asked in

UPSC CDS-2 – 2019

The correct answer is Canada.

The New Development Bank (NDB) was established by the BRICS states (Brazil, Russia, India, China, and South Africa) as a multilateral development bank. The founding members are explicitly the BRICS countries.

The NDB was formally established in 2014 and commenced operations in 2015. Its headquarters are located in Shanghai, China. Countries beyond the original BRICS members have since been admitted as members.

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