Consider the following statements : 1. New Development Ba

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Consider the following statements :

1. New Development Bank has been set up by APEC.

2. The headquarter of New Development Bank is in Shanghai.

Which of the statements given above is/are correct?

I.A.S. (Pre) 2016

[External Sector - Trade, FDI, Debt]

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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