NDB: Origin, Headquarter, Share - Diplomacy and International relations

Q.  Consider the following statements

1. New Development Bank was established by Fortaleza declaration

2. The bank will be headquartered in Bejing

3. New Development Bank each participant country will be assigned one vote with veto power reserved for country which has presidency

Which of the above statements are not true?
- Published on 05 May 15

a. 1,2
b. 2,3
c. 1,3
d. None

ANSWER: 2,3
 
The bank will be headquartered in Shanghai. New Development Bank each participant country will be assigned one vote, and none of the countries will have veto power.

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