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In which of the following years was ADB (Asian Development Bank) established?

This question was previously asked in
SSC CHSL 2020 Official Paper 4 (Held On: 13 April 2021 Shift 1)
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  1. 1978
  2. 1966
  3. 1980
  4. 1959

Answer (Detailed Solution Below)

Option 2 : 1966
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Detailed Solution

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The correct answer is 1966.

  • ADB (Asian Development Bank) was established in 1966.

Key Points

  • Asian Development Bank(ADB):
    • It was established on 19 December 1966.
    • Its headquarters is in Manila, Phillippines.
    • It has currently 68 members.
    • Masatsugu Asakawa is the current President.
    • The ADB is a social development organization that is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.
    • ADB provide loans, grants and information sharing in infrastructure, health care services, financial and public administration systems, helping nations prepare for the impact of climate change or better manage their natural resources for its member states.

Important Points

  •  India is a member of ADB.
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