Consider the following statements about Asian Infrastructure Investment Bank (AIIB): 1. AIIB has more than 100 member nations. 2. Indian government has signed a pact with AIIB for augmenting the power transmission network in Assam. 3. China is the largest shareholder in AIIB. Which of the statements given above is/are correct?

The correct answer is 1, 2 and 3 . Key Points Let's analyze each statement in detail: Statement 1: AIIB has more than 100 member nations. The Asian Infrastructure Investment Bank (AIIB) is an international development bank that was established with the aim of improving infrastructure in Asia. Since its inception, AIIB has grown significantly in membership. As of the latest information available by 2021, AIIB had more than 100 member states. This broad membership base includes countries from Asia, Europe, Africa, and the Americas, reflecting the global recognition and support for AIIB's infrastructure development goals. The statement is accurate as AIIB's membership has indeed exceeded 100 nations, demonstrating global trust and the widespread acceptance of AIIB's projects and policies. Statement 2: The Indian government has signed a pact with AIIB for augmenting the power transmission network in Assam. India has been an active participant and beneficiary of AIIB funding since the bank's inception. One notable project includes the enhancement of the power transmission network in Assam, a northeastern state in India. This project aims to expand power transmission capacity, improve reliability, and reduce system losses, thus supporting economic development in the region. In 2020, the Government of India signed an agreement with AIIB for this particular project. This aligns with India's broader strategy to improve its infrastructure and thus substantiates the correctness of this statement. Statement 3: China is the largest shareholder in AIIB. China played a pivotal role in the establishment of AIIB and remains its largest shareholder. With a voting share of approximately 26.6%, China holds significant influence over the bank's decision-making processes. This substantial shareholding reflects China's strategic interests and its investment in international infrastructure development through AIIB. The primary motivation behind AIIB's creation was to address the infrastructure gap in Asia, and China's major stake underscores its commitment to this goal. The accurate assessment of China as the largest shareholder is supported by its founding contributions and ongoing financial commitment. Therefore, all three statements are correct, making the correct choice 1, 2, and 3 .