Institution: Directorate of Primary Education - DPE Exam: Primary Exam Question Solution 24-05-2019
Topic: International General Knowledge, Subject: International GK (আন্তজার্তিক বিষয়াবলী)

Best Answer Explained in Below-:

The correct answer is D) New Development Bank because this is the official name of the financial institution established by the BRICS nations (Brazil, Russia, India, China, and South Africa). Formed in 2014 during the sixth BRICS summit in Fortaleza, Brazil, the bank aims to support public or private projects through loans, guarantees, and other financial instruments aimed at enhancing infrastructure and sustainable development in emerging economies.

While some options contain similar wording, it is crucial to focus on the precise name as recognized officially in international financial contexts. "New Development Bank" is the formal title used in official documents and communications, distinguishing it from the other options provided. For instance, while "BRICS Development Bank" might sound fitting, it is not the recognized nomenclature. Similarly, options A ("Newly Development Bank") and C ("Developing Bank") do not represent the correct terminology and may cause confusion. Therefore, for clarity and accuracy, option D, "New Development Bank," is the only correct and officially endorsed name for the institution.