Official Answer Key & Detailed Solution
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Correct Answer: Option (B) — 2 only
Concept & Option Breakdown
Standard Reference Verified- Statement 1 is incorrect: The New Development Bank (NDB) was established by the BRICS countries (Brazil, Russia, India, China, South Africa) during the 6th BRICS Summit in Fortaleza (2014), not by APEC.
- Statement 2 is correct: The headquarters of the New Development Bank is located in Shanghai, China.
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