What is the official currency used by the IMF for its internal accounting? MCQ with Answer and Explanation

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What is the official currency used by the IMF for its internal accounting?

A. US Dollar

B. Euro

C. Gold

D. SDR (Special Drawing Rights)

Answer: Option D

Solution (By JKSSB Mock Tests)

The IMF uses SDRs as its unit of account for reporting its financial activities.

This question belongs to: Static General Knowledge International Organizations

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Practice More International Organizations Questions

Question #1

Which country currently holds the chair of the 'Group of 77' (G77) at the UN?

A. Japan

B. Germany

C. Varies annually

D. USA

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Correct Answer: Option C

Explanation:
The G77 chair rotates annually among member states from Africa, Asia-Pacific, and Latin America/Caribbean.

This question belongs to: Static General Knowledge International Organizations

Question #2

Which of the following is not a member of the G20?

A. Switzerland

B. Mexico

C. Turkey

D. India

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Correct Answer: Option A

Explanation:
Switzerland is not a member of the G20.

This question belongs to: Static General Knowledge International Organizations

Question #3

Where is the headquarters of the International Court of Justice (ICJ)?

A. Brussels

B. New York

C. Geneva

D. The Hague

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Correct Answer: Option D

Explanation:
The ICJ is based at the Peace Palace in The Hague.

This question belongs to: Static General Knowledge International Organizations

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