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In the context of Special Drawing Rights (SDR) of the International Monetary Fund (IMF), arrange the following currencies in decreasing order of their weights in the SDR currency basket.
1. U.S. Dollar
2. Chinese Yuan
3. Japanese Yen
4. Euro
5. Pound Sterling
Select the correct answer using the code given below.
  • a)
    1-4-2-3-5
  • b)
    1-2-3-4-5
  • c)
    2-1-4-5-3
  • d)
    4-5-3-2-1
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
In the context of Special Drawing Rights (SDR) of the International Mo...
  • The SDR is an accounting unit for IMF transactions with member countries – and a stable asset in countries’ international reserves. Special Drawing Rights (SDRs) are an asset, though not money in the classic sense because they cannot be used to buy things. The value of an SDR is based on a basket of the world’s five leading currencies – the US dollar, euro, yuan, yen and the UK pound.
  • Hence option (a) is the correct answer.
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In the context of Special Drawing Rights (SDR) of the International Monetary Fund (IMF), arrange the following currencies in decreasing order of their weights in the SDR currency basket.1. U.S. Dollar2. Chinese Yuan3. Japanese Yen4. Euro5. Pound SterlingSelect the correct answer using the code given below.a)1-4-2-3-5b)1-2-3-4-5c)2-1-4-5-3d)4-5-3-2-1Correct answer is option 'A'. Can you explain this answer?
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In the context of Special Drawing Rights (SDR) of the International Monetary Fund (IMF), arrange the following currencies in decreasing order of their weights in the SDR currency basket.1. U.S. Dollar2. Chinese Yuan3. Japanese Yen4. Euro5. Pound SterlingSelect the correct answer using the code given below.a)1-4-2-3-5b)1-2-3-4-5c)2-1-4-5-3d)4-5-3-2-1Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about In the context of Special Drawing Rights (SDR) of the International Monetary Fund (IMF), arrange the following currencies in decreasing order of their weights in the SDR currency basket.1. U.S. Dollar2. Chinese Yuan3. Japanese Yen4. Euro5. Pound SterlingSelect the correct answer using the code given below.a)1-4-2-3-5b)1-2-3-4-5c)2-1-4-5-3d)4-5-3-2-1Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the context of Special Drawing Rights (SDR) of the International Monetary Fund (IMF), arrange the following currencies in decreasing order of their weights in the SDR currency basket.1. U.S. Dollar2. Chinese Yuan3. Japanese Yen4. Euro5. Pound SterlingSelect the correct answer using the code given below.a)1-4-2-3-5b)1-2-3-4-5c)2-1-4-5-3d)4-5-3-2-1Correct answer is option 'A'. Can you explain this answer?.
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