logo

CuriousTab

CuriousTab

Discussion


Home General Knowledge Basic General Knowledge See What Others Are Saying!
  • Question
  • Which unit of valuation is known as paper gold?


  • Options
  • A. SDR
  • B. Eurodollar
  • C. GDR
  • D. Petrodollar

  • Correct Answer
  • SDR 

    Explanation

    SDR means Special Drawing Rights.

     

    SDRs are a measure of a country's reserve assets with IMF and, whereas not 'money' in the strict sense, have several characteristics of money as interest-bearing assets, store of value, and means of settling indebtedness.

     

    International financing instrument created in 1970 by the International Monetary Fund (IMF) to coincide with the disfavor of the US dollar as the principal currency of the world trade. Also called paper gold, an SDR is neither paper nor gold but an accounting entry. It is not backed by any currency or precious metal and is used only among governments and IMF for balance Of payments settlements.

  • Tags: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

    More questions

    • 1. The system of Dual Government during the latter half of the 18th century AD is associated with the name of


    • Options
    • A. Clive
    • B. Comwallis
    • C. Waren Hastings
    • D. William Bentinck
    • Discuss
    • 2. The unit of the light year is used for measuring

    • Options
    • A. speed of satellites
    • B. speed of ships
    • C. distance between bodies in the universe
    • D. speed of rockets
    • Discuss
    • 3. The heavy day soils that show significant expansion and contraction due to the presence or absence of moisture is called


    • Options
    • A. aridsols
    • B. vertisols
    • C. histosols
    • D. andisols
    • Discuss
    • 4. How many gold medals did P.T.Usha win in the 1986 Seoul Asian Games?

    • Options
    • A. 1
    • B. 2
    • C. 3
    • D. 4
    • Discuss
    • 5. 'Global 500' awards are given for the outstanding achievement in which of the following fields?

    • Options
    • A. Campaign against AIDS
    • B. Population control
    • C. Protection of environment
    • D. Elimination of illiteracy
    • Discuss
    • 6. Aurobindo was the author of

    • Options
    • A. Discovery of India
    • B. Hindu view of life
    • C. Yogashastra
    • D. Savitri
    • Discuss
    • 7. Rain water helps to increase the ____ to some extent.

    • Options
    • A. phosphorous contents
    • B. nitrogen contents
    • C. calcium contents
    • D. potash contents
    • Discuss
    • 8. Monotremes are unique mammals because they

    • Options
    • A. posses hair
    • B. give birth to live young
    • C. secret milk in a pouch
    • D. lay eggs
    • Discuss
    • 9. 'Teacher's Day' is observed on which of the date?

    • Options
    • A. September 5
    • B. January 30
    • C. November 14
    • D. October 2
    • Discuss
    • 10. Who did Shawn Michaels beat to win his first Intercontinental Title?

    • Options
    • A. Bret Hart
    • B. Marty Jannetty
    • C. British Bulldog
    • D. Tito Santana
    • Discuss


    Comments

    There are no comments.

Enter a new Comment