GK
BANKING AWARENESS AND SEBI
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
IMF
|
|
|
ADB
|
|
|
WTO
|
|
|
World Bank
|
Detailed explanation-1: -The SDR is an international reserve asset created by the IMF to supplement the official reserves of its member countries. The SDR is not a currency. It is a potential claim on the freely usable currencies of IMF members. As such, SDRs can provide a country with liquidity.
Detailed explanation-2: -Definition: Forex reserves are foreign currency assets held by the central banks of countries. Description: These assets include foreign marketable securities, monetary gold, special drawing rights (SDRs) and reserve position in the IMF.
Detailed explanation-3: -The SDR is neither a currency nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. SDRs can be exchanged for these currencies. The SDR serves as the unit of account of the IMF and some other international organizations.