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‘Quota of special drawing rights (SDR)’, which is seen in the news, is associated with which institution?
  • a)
    International Monetary Fund
  • b)
    Reserve Bank of India
  • c)
    US Federal Reserve
  • d)
    Bureau of International Settlements
Correct answer is option 'A'. Can you explain this answer?
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‘Quota of special drawing rights (SDR)’, which is seen in ...
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‘Quota of special drawing rights (SDR)’, which is seen in ...
The executive board of the International Monetary Fund (IMF) approved a proposal to make a 50 per cent increase in the quota allocated to members in proportion to their current quotas. The proposal will now be considered and made effective by the board of governors as part of concluding the 16th general review of quotas. Currently, India has a quota of special drawing rights (SDR) 13,114.4 million which denotes a share of 2.75 per cent, making it the eighth-largest quota-holding country in the IMF.
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‘Quota of special drawing rights (SDR)’, which is seen in the news, is associated with which institution?a)International Monetary Fundb)Reserve Bank of Indiac)US Federal Reserved)Bureau of International SettlementsCorrect answer is option 'A'. Can you explain this answer?
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