Question of the day: Consider the following statements regard | ECONOMY by VIVEK SINGH
Question of the day:
Consider the following statements regarding IMF's Special Drawing Rights (SDRs):
(i) SDRs are allocated only to member countries mostly based on their economic size (ii) SDR allocation by IMF acts as debt for the member countries Government (iii) SDRs can be exchanged with other currencies but cannot be used to purchase goods in the international market (iv) SDR allocation provides global liquidity and supplements member country's forex reserves (v) SDRs are called paper gold and it cannot be held by private entities (vi) The value of SDR depends on five currencies i.e. US dollar, Yen, Pound, Euro and Yuan
This channel provides daily analysis of Economy news relevant for UPSC/RBI/SEBI/ NABARD etc. For any feedback pls send msg on telegram @viveksingheconomy or mail to viveksingheconomy@gmail.com...