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Nice explanation…With all information….Good approach…..Thank u so much
Solutions Questions Asked Yesterday : 11 oct17.
Recently, which one of the following currencies has been proposed to be added to the basket of IMF's SDR?
A. Rouble
B. Rand
C. Indian Rupee
D. Renminbi
Answer: Option D
Explanation:
Renminbi was decided to be included recently by IMF in SDR.In theory, SDR inclusion will support renminbi in the medium term. It would help promote use and acceptance of renminbi globally as China is playing a bigger role in the world economy.
Why the question Came:
The Chinese renminbi will be included in the Special Drawing Rights basket of currencies of the International Monetary Fund from Oct. 1. Chinese economy has been much analysed right from The Hindu to the Economic Survey. Focus on China is due to many aspects – Go through the notes and related boxes from Economic Survey lectures.
Sources:
The Hindu
https://www.imf.org/external/np/exr/facts/sdrcb.htm
Show Answer Discuss
40. International Economics CSP 2016
With reference to the International Monetary and Financial Committee (IMFC), consider the following statements:
1.IMFC discusses matters of concern affecting the global economy, and advises the International Monetary Fund (IMF) on the direction of its work.
2.The World Bank participates as observer in IMFC's meetings.
Which of the statements given above is/are correct?
A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2
Answer: Option C
Explanation:
The IMFC advises and reports to the IMF Board of Governors on the supervision and management of the international monetary and financial system
Why the question Came:
Increasing role of IMF in world economy and UPSC going in deeper into the structure and functioning rather than the usual details is interesting… The extra focus on external economies and global institutions was there in the Economic Survey too…
Sources:
The IMF
http://www.imf.org/external/np/exr/facts/groups.htm
Today's MCQ to Attempt : https://www.youtube.com/watch?v=0q97fFMdqQ0
https://youtu.be/OHvSU7EZY74 : PIB 10+11 &12 oct
Thank u sir
Pls continue the series..