India holds which position among the shareholders of the Asian Infrastructure Investment Bank (AIIB)?
- A.Largest shareholder
- B.Second largest shareholder
- C.Third largest shareholder
- D.Fifth largest shareholder
Correct answer
Explanation
The correct answer is second largest shareholder. India is the second largest shareholder of the Asian Infrastructure Investment Bank, and the Union Finance Minister attends the annual meeting of its Board of Governors as India's Governor to the bank in that capacity. Option A is wrong because India is not the biggest shareholder of the institution, even though its stake is large enough to give it a leading voice. Options C and D, third and fifth largest, understate India's standing and would place other members ahead of it. This rank is the fact most often lifted into examination papers whenever the AIIB appears, so it should be revised along with the nature of the bank, which is a multilateral development bank for sustainable infrastructure in Asia.
Read the full article: AIIB Annual Meeting: Sitharaman on Three-Day Qatar Visit
Practice Questions
In which city is the 11th Annual Meeting of the Board of Governors of the AIIB being held?
- A.Riyadh
- B.Abu Dhabi
- C.Doha
- D.Kuwait City
Show answer
The eleventh annual meeting of the Board of Governors of the Asian Infrastructure Investment Bank is scheduled in Doha, the capital of Qatar, and the Union Finance Minister travels there on an official visit for it.
Read the full explanation →Who represents India as its Governor at the Board of Governors of the AIIB?
- A.The Governor of the Reserve Bank of India
- B.The Union Finance Minister
- C.The Union Commerce and Industry Minister
- D.The Vice-Chairman of NITI Aayog
Show answer
At the annual meeting of the AIIB Board of Governors the Union Minister for Finance and Corporate Affairs attends as India's Governor to the bank, and on this occasion she also leads a delegation of Ministry of Finance officials.
Read the full explanation →The export prohibition on black mass complements an incentive scheme of what size under the National Critical Mineral Mission?
- A.Rs 500 crore
- B.Rs 1,000 crore
- C.Rs 1,500 crore
- D.Rs 2,500 crore
Show answer
The Union Cabinet approved an incentive scheme of this size in September 2025 under the National Critical Mineral Mission, to build capacity for separating and producing critical minerals from secondary sources such as battery waste and electronic waste.
Read the full explanation →Which of these minerals is NOT listed among those recoverable from Lithium-Ion Battery Black Mass?
- A.Cobalt
- B.Nickel
- C.Manganese
- D.Cadmium
Show answer
Black mass, the powder obtained from shredding end-of-life lithium-ion batteries and battery manufacturing waste, holds recoverable quantities of lithium, cobalt, nickel and manganese, so options A, B and C are all named in the notification.
Read the full explanation →Under which ITC(HS) code has the export of Lithium-Ion Battery Black Mass been prohibited?
- A.85069000
- B.85491400
- C.81069200
- D.28459000
Show answer
The notification issued by the Directorate General of Foreign Trade names the item as Lithium-Ion Battery Black Mass falling under this code, which covers waste and scrap of primary cells, primary batteries and electric accumulators, along with spent cells and accumulators that are unsorted and carry no lead, cadmium or…
Read the full explanation →