Question 1

Which multilateral development bank has been set up by BRICS as an alternative to the World Bank and the International Monetary Fund?

Solution

Share

A new bank dedicated to the emerging BRICS countries opened for business in China's commercial hub of Shanghai on Tuesday, the official Xinhua news agency reported. The so-called emerging BRICS countries are made up of Brazil, Russia, India, China and South Africa, and their "New Development Bank" has been seen as a challenge to the Washington-based International Monetary Fund and World Bank.

View More Questions From Important Organizations

Create a FREE account and get:

  • All Quant Formulas and shortcuts PDF
  • 170+ previous papers with solutions PDF
  • Top 5000+ MBA exam Solved Questions for Free

IIFT Quant Questions | IIFT Quantitative Ability

IIFT Time, Speed and Distance QuestionsIIFT Percentages QuestionsIIFT Time And Work QuestionsIIFT Logarithms, Surds and Indices QuestionsIIFT Quadratic Equations QuestionsIIFT Data Sufficiency QuestionsIIFT Averages, Ratio and Proportion QuestionsIIFT Inequalities QuestionsIIFT Number Series QuestionsIIFT Functions, Graphs and Statistics QuestionsIIFT Averages Mixtures Alligations QuestionsIIFT Probability, Combinatorics QuestionsIIFT Mensuration QuestionsIIFT Geometry QuestionsIIFT Averages QuestionsIIFT Linear Equations QuestionsIIFT Number Systems QuestionsIIFT Profit and Loss QuestionsIIFT Venn Diagrams QuestionsIIFT Profit And Loss QuestionsIIFT Time Speed Distance QuestionsIIFT Algebra QuestionsIIFT Logarithms QuestionsIIFT Progressions and Series QuestionsIIFT Simple Interest Compound Interest QuestionsIIFT Remainders QuestionsIIFT Coordinate Geometry QuestionsIIFT Arithmetic Questions

IIFT DILR Questions | LRDI Questions For IIFT

IIFT Arrangement QuestionsIIFT Coins and Weights QuestionsIIFT Miscellaneous LR QuestionsIIFT Routes And Networks QuestionsIIFT Charts QuestionsIIFT Data Interpretation QuestionsIIFT Data change over a period QuestionsIIFT Games and Tournamnents QuestionsIIFT Venn Diagrams QuestionsIIFT Puzzles QuestionsIIFT DI with connected data sets QuestionsIIFT DI Miscellaneous QuestionsIIFT Maxima-Minima QuestionsIIFT Special Charts QuestionsIIFT Selection With Condition QuestionsIIFT Data Interpretation Basics QuestionsIIFT Quant Based LR QuestionsIIFT 2D & 3D LR QuestionsIIFT Table based DI Sets QuestionsIIFT Truth Lie Concept QuestionsIIFT Scheduling QuestionsIIFT Quant Based DI Questions

IIFT Verbal Ability Questions | VARC Questions For IIFT

IIFT Para Jumbles QuestionsIIFT Verbal Ability QuestionsIIFT Grammar and Sentence Correction QuestionsIIFT Critical Reasoning QuestionsIIFT Reading Comprehension QuestionsIIFT Para Summary QuestionsIIFT Miscellaneous QuestionsIIFT Vocabulary QuestionsIIFT Odd One Out Questions

Free IIFT Topicwise Questions

IIFT Data change over a period

IIFT Quant Based DI

IIFT Routes And Networks

IIFT Puzzles

IIFT Number Systems

IIFT Averages, Ratio and Proportion

IIFT Venn Diagrams

IIFT Averages

IIFT Miscellaneous LR

IIFT Quant Based LR

IIFT Charts

IIFT Maxima-Minima

IIFT Data Interpretation

IIFT Venn Diagrams

IIFT DI Miscellaneous

IIFT Reading Comprehension

IIFT Vocabulary

IIFT Geometry

IIFT 2D & 3D LR

IIFT Ssc Reasoning

IIFT DI with connected data sets

IIFT Coordinate Geometry

IIFT Probability, Combinatorics

IIFT Table based DI Sets

IIFT Odd One Out

IIFT Logarithms, Surds and Indices

IIFT Mensuration

IIFT Time, Speed and Distance

IIFT Number Series

IIFT Averages Mixtures Alligations

IIFT Arithmetic

IIFT Special Charts

IIFT Time Speed Distance

IIFT Logarithms

IIFT Coins and Weights

IIFT Arrangement

IIFT Data Interpretation Basics

IIFT Functions, Graphs and Statistics

IIFT Selection With Condition

IIFT Inequalities

IIFT Simple Interest Compound Interest

IIFT Algebra

IIFT Grammar and Sentence Correction

IIFT Time And Work

IIFT Linear Equations

IIFT Games and Tournamnents

IIFT Profit and Loss

IIFT Para Jumbles

IIFT Truth Lie Concept

IIFT Para Summary

IIFT Profit And Loss

IIFT Critical Reasoning

IIFT Miscellaneous

IIFT Progressions and Series

IIFT Verbal Ability

IIFT Percentages

IIFT Data Sufficiency

IIFT Remainders

IIFT Quadratic Equations

IIFT Scheduling