5) “The proposed banks – BRICS banks and Asian Infrastructure Investment Bank (AIIB) – are China’s answer to the International Monetary Fund (IMF) and the World Bank and at the same time far from being alternatives to IMF and the World Bank, these institutions have different goals.” Critically examine.

 Topic: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests 

5) “The proposed banks – BRICS banks and Asian Infrastructure Investment Bank (AIIB)  – are China’s answer to the International Monetary Fund (IMF) and the World Bank and at the same time far from being alternatives to IMF and the World Bank, these institutions have different goals.” Critically examine. (200 Words)

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