Civil Services UPPSC RO ARO 2024-25 Mock Tests Series General Knowledge Economy External Sector and Currency Exchange rate
Consider the following statements regarding the Special Drawing Rights (SDR) of the International Monetary Fund (IMF)
1. The SDR is the currency of the IMF.
2. The value of the SDR is decided based on the money raised and dispersed by the IMF.
3. For a currency to be included in the SDR basket, the only condition is that the issuer of currency has to be one of the top five exporters of the world.
Which of the statements given above is/are not correct?
1
1 and 2
2
2 and 3
3
3 Only
4
1, 2 and 3