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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?
In country A, the first 1,000 dollar of any inheritance are untaxed. After the first 1,000 dollar, inheritances are taxed at rate of 65%. How large must an inheritance be, to the nearest dollar, in order to amount to 2,500 dollar after the inheritance tax?
The value of Special Drawing Right (SDR) of the International Monetary Fund is determined by a basket of currencies consisting of how many currencies? 
Which of the following currencies are used to determine the value of SDR?
1. Euro
2. Indian Rupee
3. Japanese Yen
4. Chinese Yuan
5. US Dollar
6. Pound Sterling
7. Chinese Renminbi
Select the correct answer
The exchange rate is the ruling official rate of exchange of dollars for other currencies . It determines the value of American goods in relation to foreign goods. If the the dollar is devalued in terms of other currencies , American exports ( which are
Which of the following currency has largest weightage in the determination of the value of the SDR?
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the suggested courses of action logically follow(s) for pursuing. Statement: The rupee may slump to a new low this year amid global policy uncertainties while domestic interest rates will remain elevated, raising borrowing costs, according to an ET poll of 20 market participants. Nearly three-fourths of the respondents believe the local unit could touch 69 to the dollar with some even pointing to 70 by December-end. The rupee is one of the worst-performing emerging market currencies this year, having lost about 6.7 per cent to the greenback to close at 68.13 on Monday. Courses of action: I. Indian corporates may borrow less ahead of elections with the likely benchmark rate at 8 per cent or more. Half the poll participants were of the opinion that the benchmark yield will either hover around that level or rise further. II. External factors coupled with domestic macro measures like weak current account deficit or fiscal deficit are likely to impact the rupee. The US Fed seems to be on course to raise rates.  III. Upcoming elections trigger a bit of policy uncertainty. A cocktail of factors including dollar strengthening, foreign fund outflows, general emerging market weakness and oil would continue to weigh on the rupee.
Profits can be increased by
1. decreasing the selling price per unit.
2. increasing the selling price per unit.
3. decreasing the volume of sales.
4. increasing the volume of sales.
5. decreasing the fixed or variable expenses.
6. increasing the fixed or variable expenses.
7. giving more weightage for products having higher P/V ratio.
8. giving less weightage for products having higher P/V ratio.
Select the correct answer
Recently, which one of the following currencies has been proposed to be added to the basket of IMF's SDR?
One of the Primary functions of IMF is to provide short term capital assistance to member countries through SDR (Special Drawing Rights). What is NOT true about SDR?