Gold Tranche / Reserve Tranche
Question
"Gold Tranche" (Reserve Tranche) refers to
Options
a loan system of the World Bank
one of the operations of a Central Bank
a credit system granted by WTO to its members
a credit system granted by IMF to its members
Explanation
A Reserve Tranche (historically the 'Gold Tranche') refers to the portion of the required quota of currency each member country must provide to the International Monetary Fund (IMF) that can be accessed without a service fee or policy conditions. > One-line conceptual takeaway: The Reserve Tranche Position (RTP) is an emergency credit line available to IMF members based on their quota contributions. Answer: (d).
Question details
Year
2020
Paper
GS Paper 1
Question
Q17
Subject
Economy
Sub-topic
International Days & Institutions
Type
Factual single
Difficulty
Easy
Nature
Static
Source hint
Basic Macroeconomics / IMF functioning
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