Question

Paper gold is :

• A. A.T.M.
• B. Draft
• C. Special Drawing Right
• D. Statutory Liquid Ratio

Answer 1

Answer:

C. Special Drawing Right

Paper Gold refers to the Special Drawing Rights (SDR) created by the International Monetary Fund (IMF) in 1969. - SDR: An international reserve asset created by the IMF. It is called paper gold because it supplements member countries’ official reserves, like gold. - ATM: Automated Teller Machine. - Draft: A written order used for making payments. - Statutory Liquidity Ratio (SLR): The percentage of a bank’s net demand and time liabilities that it must maintain in liquid assets, as prescribed by the RBI.