The Chairmen of public sector banks are selected by the.It is part of the “Sashakt” plan approved by the government to address the problem of resolving bad loans. Justification: The inter-creditor agreement is aimed at the resolution of loan accounts with a size of ₹50 crore and above that are under the control of a group of lenders. 50 crore or more which are-under consortium lending (d) To aim at faster resolution of stressed assets of Rs. (c) To act as independent regulator in case of applications for loans of Rs. (b) To support the infrastructure projects of Central and State Governments (a) To lessen the Government of India’s perennial burden of fiscal deficit and current account deficit What was the purpose of Inter-Creditor Agreement signed by Indian banks and financial institutions recently?.Membership in AIIB is open to members of the International Bank for Reconstruction and Development or the Asian Development Bank. S3: It has members from outside Asia such as Fiji, New Zealand etc. S2: The allocated shares are based on the size of each member country’s economy (calculated using GDP Nominal (60%) and GDP PPP (40%)), whether they are an Asian or Non-Asian Member, and the number of shares determines the fraction of authorized capital in the bank.Ĭhina is the biggest shareholder followed by India. Justification: S1 AIIB has 97 members and is open to accepting additional members. Which of the statements given above is / are correct? AIIB does not have any members from outside Asia.India is the largest shareholder in AIIB.With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements UPSC Civil Services (Prelims) Examination – SET D – Answer Keyġ. Final Key with Detailed Solutions UPSC Civil Services Preliminary Exam – 2019 (Paper – 1)
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