NDB: official inauguration & Chief

Q.  Which of the following statements is/are correct about New Development Bank?

1. K.V. Kamath, is the newly appointed chief of the New Development Bank
2. Yekaterinburg summit in 2014 resulted in the official inauguration of the New Development Bank.
- Published on 22 Dec 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Only 1
 
- The Fortaleza summit in 2014 resulted in the official inauguration of the New Development Bank
- The inaugural BRICS summit took place in Yekaterinburg, Russia in 2009.
- NDB is headquartered in Shanghai, Beijing

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