China to hold official ceremony for creation of AIIB

Q.  In which country, a signing ceremony for the official creation of the Asian Infrastructure Investment Bank is going to be held on 29th June’15?
- Published on 21 Jun 15

a. Australia
b. Sri Lanka
c. India
d. China

ANSWER: China
 
President Xi Jinping is scheduled to meet the heads of the delegations representing the prospective founding members of the bank. A meeting of Finance Ministers of the 57 countries involved is also scheduled to take place. The China-proposed bank is expected to begin operating later this year with startup capital of around 100 billion US dollars.

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