Bissoy.com
Doctors Medicines MCQs Q&A

Recently, which one of the following currencies has been proposed to be added to the basket of IMF's SDR?

Recently, which one of the following currencies has been proposed to be added to the basket of IMF's SDR? Correct Answer Renminbi

The correct answer is Renminbi.

  • The SDR is an international reserve asset, created by the IMF in 1969.
    • SDRs are artificial currency created to augment international liquidity.
    • It is neither a currency nor a claim on IMF rather it supplements the existing reserves of member countries of IMF.
    • A currency included as SDR must be freely usable, widely used and widely traded.
    • The U.S. dollar, the euro, British pound and the Japanese yen form the SDR basket.
  • Chinese renminbi (RMB) was included in the SDR basket as the fifth currency in the year 2016.
    •  The decision was taken during the IMF’s five-yearly review of the basket of currencies.
  • At present, SDR is based on a basket of five currencies—the U.S. dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling.

Related Questions

A naughty boy Amrit watches a Sachin Tendulkar inning and acts according to number of runs he sees Sachin scoring. The details are:
1 run - place one orange in the basket
2 runs - place one mango in basket
3 runs - place a pear in the basket
4 runs - remove a pear and a mango from the basket
One fine day, at the start of the match, the basket is empty. The sequence of runs scored by Sachin in that inning are given as 11232411234232341121314. At the end of the above inning, how many more oranges were there compared to mangoes inside the basket ? (The Basket was empty initially).
Consider the following about Special Drawing Right (SDR) 1. The SDR is an international reserve asset created and administered by the WTO 2. SDRs can be exchanged for freely usable currencies 3. A Gold backing is mandatory for a nation to increase SDR deposits 4. The SDR is a not the financial claim on the IMF as it is accepted by most international organizations Which of the above statements is/are correct?
There are three baskets filled with some balls. The ratio of the capacity of the first basket to the second basket is 2 : 3 while the ratio of capacity of the second basket to the third basket is 4 : 5. The difference of balls between the first basket and the third basket is 483. What is the number of average balls in all three baskets?
The value of Special Drawing Right (SDR) of the International Monetary Fund is determined by a basket of currencies consisting of how many currencies? 
A child is playing with a basket which contains 65 toys. He takes out 25 toys from basket and puts back 18 toys. Then he takes our 22 toys and puts back 17 toys in the basket. Finally he takes out 18 toys from the basket. How many toys are there inside and outside the basket?
A man fills a basket with eggs in such a way that the number of eggs added on each successive day is the same as the number already present in the basket. This way the basket gets completely filled in 24 days. After how many days the basket was 1/4th full ?
The following questions have three statements. Study the question and the statements and decide which of the statement(s) is/are necessary to answer the question. There are some mangoes and oranges in a basket. If two fruits are picked up at random without replacement then find the probability that both are ripped. Statement I: There are total 12 mangoes and 24 oranges in the basket. Statement II: Half of the mangoes and 3/4th of the oranges are ripped. Statement III: 12 fruits are not ripped in the basket which is 1/3rd of the total fruits in the basket.
A man fills a basket with eggs in such a way that the number of eggs on each successive day is the same as the number already present in the basket. This way the basket gets completely filled in 24 days. After how many days the basket was 1/4th filled?
A boy is asked to put in a basket one mango when ordered 'one', one orange when ordered 'two', one apple when ordered 'three' and is asked to take out from the basket one mango and orange when ordered 'four'. A sequence of orders is given as 1 2 3 3 2 1 4 2 3 1 4 2 2 3 3 1 4 1 1 3 2 3 4. How many total oranges were in the basket at the end of the above sequence?
The ratio between the bats and balls in a basket was 4 : 9. If 500 more bats are added in the same basket then the ratio becomes 2 : 3. What is the total number of bats and balls present in the basket before the addition of new bats?