On which day the New Development Bank (NDB) floated by the BRICS nations, including India started its operations at its headquarters in Shanghai?

a. 20th July’15

b. 1st July’15

c. 21st July’15

d. 19th July’15

ANSWER: 21st July’15

Explanation:

Chinese Finance Minister Lou Jiwei, Shanghai Mayor Yang Xiong and the bank's President K V Kamath attended the opening ceremony. Kamath will be the bank's President for the first five years.

NDB was step up for infrastructure funding in the emerging economies formally