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UPSC PYQPrelims 2020

Civil Services Examination · Question 17

"Gold Tranche" (Reserve Tranche) refers to

  1. a loan system of the World Bank
  2. one of the operations of a Central Bank
  3. a credit system granted by WTO to its members
  4. a credit system granted by IMF to its members
Show answer & explanation

Answer: (D) a credit system granted by IMF to its members

Explanation

The reserve tranche is the portion of a member's IMF quota it can draw without conditions or service charges.