In 2014 the New Development Bank was established as an alternative to World Bank by:

BRICS

The correct answer is option (3) –BRICS

The New Development Bank (NDB) was established in 2014 by the BRICS nations — Brazil, Russia, India, China, and South Africa — as an alternative to traditional global financial institutions like the World Bank and IMF.

Note: This question is apparently out of NCERT book.