Teaching UP TGT Mock Test Series 2025 General Knowledge Economy External Sector and Currency Exchange rate
Consider the following statements regarding Special Drawing Rights (SDR):
1. SDR is a hard currency issued by the International Monetary Fund (IMF).
2. Allocation of SDR is made to member countries in the proportion to their quotas in IMF.
3. The value of SDR is based on a basket of currencies of US dollar, euro, yen and reminibi only.
How many of the above statements are correct?
1
Only one
2
Only two
3
All three
4
None