Question : Special Drawing Rights were created by which of the following?
Option 1: IBRD
Option 2: ADB
Option 3: IMF
Option 4: WTO
Correct Answer: IMF
Solution : The answer is the IMF .
- The International Monetary Fund (IMF) was founded in 1944. The IMF established Special Drawing Rights to augment the official reserves of its member nations. SDRs are units of account for the IMF.
- The IBRD was founded in 1944 and is now known as the World Bank.
- The Asian Development Bank (ADB) was founded in 1966 and is headquartered in Manila (Philippines).
- The WTO is the World Trade Organisation, established in 1995 and headquartered in Geneva (Switzerland).
Related Questions
Know More about
Staff Selection Commission Combined Grad ...
Result | Eligibility | Application | Selection Process | Preparation Tips | Admit Card | Answer Key
Get Updates BrochureYour Staff Selection Commission Combined Graduate Level Exam brochure has been successfully mailed to your registered email id “”.