The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states (Brazil, Russia, India, China and South Africa). It was established to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries.
Which bank has been established in China by BRICS countries ?
Asked in UPPCS Prelims 2017 · Topic: Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI) (Global Trends in FDI and FPI and India's Position)
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Answer: C. New Development Bank
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