Question
Which of the following statements about the
International monetary fund (IMF) is/are incorrect? I.        Promotion of exchange rate stability and an international payment system is one of the objectives of the IMF. II.        Special Drawing Rights (SDRs) is IMF's currency. III.        India is not a founder member of the IMF.Solution
Explanation: Special Drawing Rights (SDRs) is the IMF’s unit of account and not a currency. The currency value of the SDR is determined by summing the values in U.S. India is a founder member of the IMF.
Select the most appropriate meaning of the given idiom.
 Sitting shotgun
Fill in the blank given below using the correct idiom.Â
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- Select the most appropriate meaning of the given idiom.
Burn the midnight oil