Explanation
- A
1 only
Statement 1 says the New Development Bank was set up by APEC. NDB is the BRICS bank (Brazil, Russia, India, China, South Africa), created at the 2014 Fortaleza summit, not an APEC institution. 1 only is therefore wrong.
- B
2 only
The headquarters of the New Development Bank is in Shanghai. Statement 2 is correct and statement 1 is not, so 2 only is the official key.
- C
Both 1 and 2
Both would require an APEC origin. NDB is BRICS, so both is not the key.
- D
Neither 1 nor 2
Neither would deny the Shanghai headquarters, which is correct. This option is therefore wrong.
Summary. Official key is (b) 2 only. The New Development Bank is a BRICS multilateral lender headquartered in Shanghai, with a later regional office in Johannesburg and an Indian regional office in Gujarat. APEC is a Pacific economic forum and did not found NDB. Confusing NDB with AIIB (Beijing) or with APEC is a common trap. Only the headquarters statement stands.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.
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2026 · Q73 · General Studies · 2 marks
Which one of the following pairs is NOT correctly matched? (Indian Army Corps) - (Headquarters) -
2022 · Q78 · General Studies · 2 marks
With reference to the United Nations General Assembly, consider the following statements: 1. The UN General Assembly can grant observer status to the non-member States. 2. Inter-governmental organisations can seek observer status in the UN General Assembly. 3. Permanent Observers in the UN General Assembly can maintain mission at the UN headquarters. Which of the statements given above are correct?