SarkariPYQ

SSC CPO 2024 PYQ — Question 83

SSC CPO - 29 June 2024 - Shift 3 • General Awareness • Q83

Back to paper

Special Drawing Rights are also known as ________.

Show answer & explanation

Correct answer: A

Explanation

The correct answer is option 1 i.e. Paper Gold.

  1. Special Drawing Rights (SDRs) are also known as Paper Gold.
  2. This term arose because, like gold, SDRs serve as an international reserve asset, providing liquidity to member countries in times of economic need.
  3. While not actual gold or a physical currency, SDRs function as a unit of account in the global financial system, helping countries enhance their foreign exchange reserves.
  4. The term "Paper Gold" highlights its role as a reserve asset without being tangible like traditional gold.