NDB floated by BRICS nations starts operations on 21stJuly 2015

Q.  On which day the New Development Bank (NDB) floated by the BRICS nations, including India, to step up infrastructure funding in the emerging economies formally started its operations at its headquarters in Shanghai?
- Published on 25 Jul 15

a. 20th July’15
b. 1st July’15
c. 21st July’15
d. 19th July’15

ANSWER: 21st July’15
 
Chinese Finance Minister Lou Jiwei, Shanghai Mayor Yang Xiong and the bank's President K V Kamath attended the opening ceremony. Kamath will be the bank's President for the first five years.

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