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Standard X
Civics
IMF and World Bank
Which type of...
Question
Which type of currencies are used for international trade?
A
National currency
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B
International currency
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C
Multinational currency
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D
None of these
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Solution
The correct option is
C
Multinational currency
Multinational currencies are used to carry on international trade.
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Which currency is used for internal trade?
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Dollar and pound sterling are the commonly preferred currencies for international trade.
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Select the correct statement(s) when a currency goes for ‘devaluation’ – using the code given below:
1. Fall in the value of currency in relation to international currencies.
2. Exports become less competitive.
3. Trading partners see fall in their exports.
Code:
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Consider the following statements about Special Drawing Rights (SDR):
1
. SDR is an international currency created by IMF.
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. SDR is used for the purpose of setting international accounts.
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Which of the given statements is/are correct?
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44. Consider the following statement about Convertibility of rupee.
1. It implies convertibility of rupee into gold
2. Allowing the value of rupee to be fixed by market forces.
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4. Developing an international market for currencies in India
Which of the above statement(s) is/are incorrect?
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