UPSC CSE Prelims
Question 68
Recently, which one of the following currencies has been proposed to be added to the basket of IMF's SDR?
View correct answer and explanation
Correct answer: D
Correct Option: D
Explanation: The IMF agreed to include China’s renminbi in the Special Drawing Rights currency basket, effective October 2016.
Option-wise Analysis:
A: Incorrect - The Russian rouble was not the announced new SDR basket currency.
B: Incorrect - South Africa’s rand was not added.
C: Incorrect - The Indian rupee was not selected in that review.
D: Correct - Correct-China’s renminbi (yuan) became the fifth SDR-basket currency.