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  9. Q37

CGPSC 2020 · Question 37 of 100

The term ‘paper gold’ refers to :

General Knowledge

  1. ASpecial Drawing Rights (SDR) of IMFCorrect
  2. BSpecial Accommodation Rights
  3. CCurrencies pegged to gold
  4. DNone of the above

Answer: A. Special Drawing Rights (SDR) of IMF

Explanation

The term 'paper gold' is widely used in the field of international finance to refer to a specific type of international reserve asset. This asset is not physical gold, but it serves a similar purpose in the global monetary system, providing liquidity and acting as a unit of account.

Source: CGPSC 2020 official paper

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