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  • 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

    Basic General Knowledge problems


    Search Results


    • 1. The Global Entrepreneurship Summit (GES) 2017 was in ______?

    • Options
    • A. Spain
    • B. Hyderabad
    • C. Newyork
    • D. Beijing
    • Discuss
    • 2. The parliament of Great Britain is housed in which of these buildings?

    • Options
    • A. Palace of Westminster
    • B. The town of London
    • C. Buckingham palace
    • D. Old Bailey
    • Discuss
    • 3. In the context of stock Market, the abbreviation IPO stands for

    • Options
    • A. Immediate Payment Order
    • B. Internal Policy Obligation
    • C. Initial Public Offering
    • D. None of these
    • Discuss
    • 4. What part of a check is the least important?

    • Options
    • A. Memo line
    • B. The check number
    • C. Routing number
    • D. Signature line
    • Discuss
    • 5. Rifath Sharook has designed the world?s lightest satellite ?KalamSat?. He hails from which country ?

    • Options
    • A. Russia
    • B. Pakistan
    • C. Dubai
    • D. India
    • Discuss
    • 6. Who is the new Chairman of ISRO in 2018?

    • Options
    • A. K. Sivan
    • B. S. Manish Arya
    • C. A.S. Kiran Kumar
    • D. Bibeth Roy
    • Discuss
    • 7. Cactus Spines are Modified

    • Options
    • A. Stems
    • B. Branches
    • C. Leaves
    • D. Roots
    • Discuss
    • 8. Which Wins Patent for Flying Warehouse to Deliver Parcels via Drones ?

    • Options
    • A. Flipkart
    • B. Snapdeal
    • C. Amazon
    • D. Paytm
    • Discuss
    • 9. Which country going to introduce its own Encyclopaedia by 2018 ?

    • Options
    • A. Iran
    • B. India
    • C. Iraq
    • D. China
    • Discuss
    • 10. Which state government has inaugurated the upgraded version of police helpline Namma 100, where police officials will be deputed within 15 minutes to the spot of emergency ?

    • Options
    • A. Karnataka
    • B. Telangana
    • C. Tamil Nadu
    • D. Madhya Pradesh
    • Discuss


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