Maharashtra State PSC Model Paper 3

The correct answer is 1 and 2 only.

• The Asian Development Bank is a regional development bank. It was established on 19th December 1966.
• It is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty.
• Headquarters-Manila, Philippines.
• The ADB has 68 shareholding members countries including 49 from the Asia and Pacific region. Hence, statement 1 is correct.
• Brazil is not a member of ADB. Hence, statement 3 is not correct.
• Masatsugu Asakawa is the current president of ADB. 
• There has always been a Japanese president since its inception. Hence, statement 2 is correct.
• ADB maximizes the development impact of its assistance by-
  • facilitating policy dialogues
  • providing advisory services
  • mobilizing financial resources through co-financing operations that tap official, commercial, and export credit sources.
• Strategy 2030 sets the course for ADB’s efforts to respond effectively to the Asia and Pacific region’s changing needs.
• Under Strategy 2030, ADB will expand its vision to achieve a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.