New Register for Workshop on How to start for NABARD 2025 (Stepwise Plan) - Apr 26, 7 PM

    Question

    The value of SDR

    is 
    A Equivalent to one US dollar Correct Answer Incorrect Answer
    B based on basket of five currencies Correct Answer Incorrect Answer
    C average of the value of US dollar and Euro Correct Answer Incorrect Answer
    D based on value of gold Correct Answer Incorrect Answer
    E decided irrespective of basket of currencies Correct Answer Incorrect Answer

    Solution

    An SDR is essentially an artificial currency instrument used by the IMF,  The value of an SDR is based on a basket of the world’s five leading currencies, as per the last review done in 2022 (review is done every 5 years): •US dollar (weight 43.38%),  •Euro (weight 29.31%),  •Chinese Yuan (weight 12.28%),  •Japanese yen (weight 7.59%), and   •UK pound sterling (weight 7.44%). Chinese Renminbi was the last currency (added in 2016) included in the basket of currencies that make up the SDR.

    Practice Next

    Relevant for Exams: