2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SDR 17.72 billion
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SDR 12.57 billion
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SDR 19.41 billion
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SDR 13.66 billion
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Detailed explanation-1: -According to which, India’s voting rights increased by 0.3% from then 2.3% to 2.6% and China’s voting rights increased by 2.2% from then 3.8% to 6%. Presently, India holds 2.75% of SDR quota, and 2.63% of votes in the IMF.
Detailed explanation-2: -General allocations of SDRs There have been four general allocations, most recently in 2021, when the IMF’s Board of Governors approved a general allocation of about SDR 456 billion, equivalent to US$650 billion, to boost global liquidity.
Detailed explanation-3: -SDR allocation in India was reported at 22875695930 in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - SDR allocation - actual values, historical data, forecasts and projections were sourced from the World Bank on February of 2023.
Detailed explanation-4: -The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. To date, a total of SDR 660.7 billion (equivalent to about US$943 billion) have been allocated.