The term 'Special Drawing Rights' can be used by member countries of the IMF for:
A. Settling international payments and as a reserve asset
B. Only purchasing gold
C. Only domestic transactions
D. Only financing fiscal deficit
Answer: Option A
Solution (By JKSSB Mock Tests)
SDRs are international reserve assets that can be exchanged for freely usable currencies and used in transactions among IMF members and prescribed holders.
Explanation:
Institutional agricultural credit in India is primarily provided by commercial banks, cooperative banks and Regional Rural Banks, with refinancing support from NABARD.
Explanation:
A carbon border adjustment mechanism imposes a charge on imported goods equivalent to the domestic carbon price, thereby reducing the risk of carbon leakage and maintaining the competitiveness of domestic producers.
No comments yet. Be the first to start the discussion!