Question

    Where is the headquarters of the New Development Bank

    (NDB) located?
    A Johannesburg, South Africa Correct Answer Incorrect Answer
    B Brasília, Brazil Correct Answer Incorrect Answer
    C Mumbai, India Correct Answer Incorrect Answer
    D Shanghai, China Correct Answer Incorrect Answer

    Solution

    The New Development Bank, established by the BRICS nations, is headquartered in Shanghai, China. It aims to support public or private projects through loans, guarantees, equity participation, and other financial instruments.

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