With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements:
- 1.AIIB has more than 80 member nations.
- 2.India is the largest shareholder in AIIB.
- 3.AIIB does not have any members from outside Asia.
Which of the statements given above is/are correct?
Answer & explanation
Answer: (a) 1 only
Only statement 1 is correct. AIIB already had 84 members by the end of 2017, so it had more than 80 members. India is the second-largest shareholder after China, and AIIB has many non-Asian (non-regional) members.
- ✓ 1. AIIB approved 27 new members in 2017, bringing the total to 84. It has kept growing and now has 111 approved members.
- ✗ 2. China is the largest shareholder, with more than 25 per cent of the voting power. India is the second-largest shareholder, followed by Russia.
- ✗ 3. AIIB has both regional (Asian) and non-regional members. Of the 84 members at the end of 2017, 48 were regional and 36 non-regional, so many members are from outside Asia.
Remember · AIIB (headquarters Beijing, operational since 2016) has regional and non-regional members; China is the largest shareholder and India the second-largest.
Sources
- AIIB Yearbook of International Law 2018: Governance of the AIIB in Comparative Context ↗ · reference work “Twenty- seven new AIIB members were approved in 2017, bringing the total to 84 (48 regional and 36 non- regional).”
- PIB: Finance Minister attends the 7th Annual Meeting of the AIIB Board of Governors ↗ “India is a Founding Member and the second largest shareholder in AIIB.”
- AIIB: Members and Prospective Members of the Bank ↗ · reference work “We began operations in Beijing in 2016 and have since grown to 111 approved members worldwide.”
Question and answer: UPSC's official GS Paper I (2019, Series A) — paper ↗ · answer key ↗. Explanation: Minimalist IAS, checked 30 Sept 2026 (how we verify). ·