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    Question

    AIIB stands for ______________

    A All Indian Investment Bank Correct Answer Incorrect Answer
    B Asian Infrastructure Investment Bank Correct Answer Incorrect Answer
    C Asian Industrialised Investment Bank Correct Answer Incorrect Answer
    D Asian Investment Industrialised Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The  Asian Infrastructure Investment Bank   ( AIIB ) is a  multilateral development bank  that aims to support the building of infrastructure in the  Asia-Pacific  region. The bank currently has 56 member states while another 24 are prospective members for a total of 80 approved members and was proposed as an initiative by the government of China.

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