Question

In which year India became a member of Asia Development Bank?

• A. 1991
• B. 1986
• C. 1966
• D. 1996

Answer 1

Answer:

C. 1966

• India became a founding member of the Asian Development Bank (ADB) in 1966. The ADB was established on December 19, 1966, with its headquarters in Manila, Philippines. India was one of the 31 founding members of this multilateral development finance institution.

• The Asian Development Bank was created to promote economic and social development in Asia and the Pacific region through loans, technical assistance, grants, and equity investments. As one of the founding members, India has been an active participant in the ADB since its inception.

• India is also one of the largest shareholders in the ADB and has been a significant beneficiary of the bank's development assistance over the decades. The bank has supported numerous infrastructure, energy, agriculture, and social sector projects across India.

• Therefore, the correct answer is 1966 (Option C), when India joined as a founding member of the Asian Development Bank.