The IMF’s Special Drawing Rights (SDR) is best described as: MCQ with Answer and Explanation

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The IMF’s Special Drawing Rights (SDR) is best described as:

A. A loan facility for poor nations

B. A global digital currency

C. An international reserve asset

D. A trade settlement mechanism

Answer: Option C

Solution (By JKSSB Mock Tests)

SDRs are international reserve assets created by the IMF to supplement member countries’ official reserves.

This question belongs to: Static General Knowledge International Organizations

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Practice More International Organizations Questions

Question #1

Which country is a permanent member of the UN Security Council?

A. India

B. Germany

C. China

D. Japan

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Correct Answer: Option C

Explanation:
China is one of the five permanent members of the UN Security Council.

This question belongs to: Static General Knowledge International Organizations

Question #2

The 'Green Climate Fund' is associated with which organization?

A. G20

B. World Bank

C. IMF

D. UNFCCC

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Correct Answer: Option D

Explanation:
The Green Climate Fund was established within the framework of the UNFCCC to assist developing countries in climate adaptation.

This question belongs to: Static General Knowledge International Organizations

Question #3

Which organization is known as the 'Bretton Woods Twin' along with the IMF?

A. WTO

B. WHO

C. World Bank

D. UNESCO

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Correct Answer: Option C

Explanation:
The IMF and the World Bank are both products of the 1944 Bretton Woods Conference.

This question belongs to: Static General Knowledge International Organizations

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