Consider the following statements about Special Drawing Rights (SDR):
$1$ . SDR is an international currency created by IMF.
$2$ . SDR is used for the purpose of setting international accounts.
$3$ . SDR derives its value from US dollar as it the most commonly used currency.
Which of the given statements is/are correct?

1

only

No worries! We‘ve got your back. Try BYJU‘S free classes today!

2

only

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

1

and

3

No worries! We‘ve got your back. Try BYJU‘S free classes today!

1, 2

and

3

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B $2$ only
SDR is an international reserve created by International Monetary Fund (IMF) which involves a basket of national currencies. SDRs are allocated by IMF to its member countries and they are used for the purpose of settling international accounts. The value of the SDR is based on a basket of five currencies—the U.S. dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling.

Suggest Corrections

Similar questions

Q. Consider the following statements regarding Special Drawing Rights (SDR) in International Monetary Fund (IMF):

Which of the statements given above are incorrect?

Q. अंतर्राष्ट्रीय मुद्रा कोष (IMF) के विशेष आहरण अधिकार (SDR) के संदर्भ में निम्नलिखित कथनों पर विचार कीजिए:

SDR मूल्य मासिक आधार पर अमेरिकी डॉलर के संदर्भ में निर्धारित किया जाता है।
SDR बास्केट में शामिल मुद्राओं को केवल निर्यात और मुफ्त उपयोग योग्य मानदंडों को पूरा करना होता है।
SDR ब्याज दर मूल्य (SDRi) का निर्धारण साप्ताहिक रूप से SDR बास्केट मुद्राओं के पूँजी बाजार में दीर्घकालिक सरकारी ऋण साधनों पर द्योतक ब्याज दरों के भारित औसत के आधार पर किया जाता है।

उपर्युक्त कथनों में से कौन से गलत हैं?

1 and 2 only
केवल 1 और 2
1 and 3 only
केवल 1 और 3
2 and 3 only
केवल 2 और 3
1, 2 and 3
1, 2 और 3

Q. 3. Strategic debt restructuring (SDR) is one of the steps taken by RBI to control the NPA problem. Consider the following statements about it:
1.Under SDR, banks get the right to convert the full or part of their loans into equity shares.
2. SDR initiative can be taken by the particular bank.
3. SDR initiative can be taken if the account of a borrower is classified as Special Mention Account.
Which of the above statement(s) is/are correct?

Q. Which of the following statements about International Monetary Fund (IMF) are correct?

1

. The IMF is a United Nations specialised agency.

2

. The IMF was founded at the Bretton Woods Conference in

1994

to secure international monetary cooperation.

3

. Chinese Yuan is included in SDR Basket.
Select the correct answer using the codes given.

Q. 27. Consider the following statement about Foreign Currency Assets (FCA) of India.
1.FCA is part of India’s foreign exchange reserve.
2.It valued in terms of US dollars.
3.It includes SDR holdings of Reserve Bank.
4. It is a multi-currency portfolio.
Which of the above statement(s) is/are correct?

Q. Q. With reference to the Special Drawing Rights (SDR) of International Monetary Fund (IMF), consider the following statements:

1. The SDR was created in 1969 to accommodate surplus foreign exchange reserve assets held by member countries.
2. The SDR can be used by member countries governments only and not by private parties.
3. The SDR is withdrawn by the government to meet their investment programme and deficit financing.

Which of the above given statements is/are correct?

Q. अंतर्राष्ट्रीय मुद्रा कोष (आईएमएफ) के विशेष आहरण अधिकार (एसडीआर) के संदर्भ में, निम्नलिखित कथनों पर विचार करें:

1. एसडीआर को 1969 में सदस्य देशों द्वारा धारित अधिशेष विदेशी मुद्रा भंडार परिसंपत्तियों को समायोजित करने के लिए बनाया गया था।
2. एसडीआर का उपयोग केवल सदस्य देशों की सरकारों द्वारा किया जा सकता है, न कि निजी पक्षों द्वारा।
3. एसडीआर को सरकार द्वारा उनके निवेश कार्यक्रम और घाटे के वित्तपोषण को पूरा करने के लिए वापस ले लिया जाता है।

ऊपर दिए गए कथनों में कौन सा/से सही है/हैं?

Join BYJU'S Learning Program