{"id":50213,"date":"2024-04-15T23:07:03","date_gmt":"2024-04-15T23:07:03","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=50213"},"modified":"2024-04-15T23:07:03","modified_gmt":"2024-04-15T23:07:03","slug":"the-brics-new-development-bank-ndb-has-been-set-up-for","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-brics-new-development-bank-ndb-has-been-set-up-for\/","title":{"rendered":"The BRICS New Development Bank (NDB) has been set up for"},"content":{"rendered":"

[amp_mcq option1=”Funding Infrastructure projects in emerging economics for sustainable development” option2=”Funding non – infrastructure projects in emerging economics for sustainable development” option3=”Funding infrastructure projects in developed countries” option4=”Funding infrastructural projects in BRICS countries only” correct=”option1″]<\/p>\n

The correct answer is: A. Funding Infrastructure projects in emerging economics for sustainable development.<\/p>\n

The BRICS New Development Bank (NDB) is a multilateral development bank established by the BRICS countries (Brazil, Russia, India, China, and South Africa) in 2014. The NDB’s mission is to promote sustainable development through infrastructure investment in emerging economies. The NDB has a capital base of $100 billion and has approved loans for projects in a variety of sectors, including energy, transportation, water and sanitation, and urban development.<\/p>\n

Option B is incorrect because the NDB does not fund non-infrastructure projects. Option C is incorrect because the NDB does not fund infrastructure projects in developed countries. Option D is incorrect because the NDB does not fund infrastructure projects in BRICS countries only.<\/p>\n","protected":false},"excerpt":{"rendered":"

[amp_mcq option1=”Funding Infrastructure projects in emerging economics for sustainable development” option2=”Funding non – infrastructure projects in emerging economics for sustainable development” option3=”Funding infrastructure projects in developed countries” option4=”Funding infrastructural projects in BRICS countries only” correct=”option1″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[956],"tags":[],"class_list":["post-50213","post","type-post","status-publish","format-standard","hentry","category-world-organisations","no-featured-image-padding"],"yoast_head":"\nThe BRICS New Development Bank (NDB) has been set up for<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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