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5 questions · 2016 · answers as per the UPSC key

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

(a) Rouble
(b) Rand
(c) Indian Rupee
(d) Renminbi
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Answer: (d) Renminbi

With reference to the International Monetary and Financial Committee (IMFC), consider the following statements :

  1. IMFC discusses matters of concern affecting the global economy, and advises the International Monetary Fund (IMF) on the direction of its work.
  2. The World Bank participates as observer in IMFC's meetings.

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
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Answer: (c) Both 1 and 2

India's ranking in the 'Ease of Doing Business Index' is sometimes seen in the news. Which of the following has declared that ranking?

(a) Organization for Economic Cooperation and Development (OECD)
(b) World Economic Forum
(c) World Bank
(d) World Trade Organization (WTO)
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Answer: (c) World Bank

Consider the following statements :

  1. New Development Bank has been set up by APEC.
  2. The headquarters of New Development Bank is in Shanghai.

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
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Answer: (b) 2 only

'Global Financial Stability Report' is prepared by the

(a) European Central Bank
(b) International Monetary Fund
(c) International Bank for Reconstruction and Development
(d) Organization for Economic Cooperation and Development
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Answer: (b) International Monetary Fund