Q.11. Consider the following statements about the New
Development Bank (NDB):
1.
It is a
multilateral development bank established by the BRICS states.
2.
The membership
of the NDB is open to both borrowing and non-borrowing countries.
3.
All
members of the United Nations could be members of the bank
4.
The share
of the original BRICS group can never be less than 90% of total voting power.
5.
The bank
is headquartered in Shanghai, China
6.
NDB is
authorized by its founders to cooperate within its mandate with other
international organizations, as well as national entities (public or private).
All of the statements
given above are correct except: