Civil Services Prep

Prelims 2016 · Economy · Question 39

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

  1. Rouble
  2. Rand
  3. Indian Rupee
  4. Renminbi

Answer

Renminbi

  • (a) Rouble: Russia's rouble was not proposed for inclusion in the IMF's SDR basket. Verdict: Incorrect.
  • (b) Rand: South Africa's rand was not under consideration for SDR inclusion. Verdict: Incorrect.
  • (c) Indian Rupee: The Indian rupee was not proposed to be added to the SDR basket. Verdict: Incorrect.
  • (d) Renminbi: China's Renminbi (yuan) was proposed for inclusion in the IMF's SDR basket and was later added. Verdict: Correct.
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