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Answer : 1. "International Monetary Fund"
‘Special Drawing Rights Quota (SDR)’, which is seen in the news, is related to which institution?
5Q:
‘Special Drawing Rights Quota (SDR)’, which is seen in the news, is related to which institution?
- 1International Monetary Fundtrue
- 2Child Development Institutefalse
- 3UNESCOfalse
- 4Corruption Departmentfalse
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Answer : 1. "International Monetary Fund"
Explanation :
Solution: The Executive Board of the International Monetary Fund (IMF) has approved the proposal to increase the quota allocated to members by 50 percent in proportion to their existing quota. This proposal will now be considered and given effect to by the Board of Governors as part of the conclusion of the 16th General Review of Quota. Currently, India has a Special Drawing Rights (SDR) quota of 13,114.4 million representing a share of 2.75 per cent, making it the eighth largest quota-holding country in the IMF.