Question:
Which of the following is/are treated as artificial currency?
Which of the following is/are treated as artificial currency?
Show Hint
ADR and GDR represent shares, not currency; SDR is the IMF’s basket-based reserve unit.
Updated On: Jul 15, 2026
- ADR
- GDR
- Both GDR and ADR
- SDR
Show Solution
Verified By Collegedunia
The Correct Option is D
Solution and Explanation
Step 1: Understanding the Concept.
SDR stands for Special Drawing Rights, an international reserve asset created by the IMF. It is not an actual currency issued by any single country; instead, its value is based on a basket of major currencies, which is why it is called an “artificial” or synthetic currency.
Step 2: Check options A, B, and C.
ADR (American Depositary Receipt) and GDR (Global Depositary Receipt) are certificates that represent shares of a foreign company traded on a stock exchange. They are financial instruments for raising equity capital, not currencies at all, so options A, B, and C are wrong.
Step 3: Final Answer.
SDR is the artificial currency here, so option D is correct.
SDR stands for Special Drawing Rights, an international reserve asset created by the IMF. It is not an actual currency issued by any single country; instead, its value is based on a basket of major currencies, which is why it is called an “artificial” or synthetic currency.
Step 2: Check options A, B, and C.
ADR (American Depositary Receipt) and GDR (Global Depositary Receipt) are certificates that represent shares of a foreign company traded on a stock exchange. They are financial instruments for raising equity capital, not currencies at all, so options A, B, and C are wrong.
Step 3: Final Answer.
SDR is the artificial currency here, so option D is correct.
Was this answer helpful?
0
0
Top SNAP General Awareness Questions
- Name the failed Chinese pro-democracy activist who won this year's Nobel Peace Prize for his 'long and non-violent struggle for fundamental human rights in China.'
- Which government is behind the 'The Nalanda Proposal' proposing Nalanda as an ideal site for establishing a 21st century learning institution.
- Jimmy Wales and Larry Sanger are known for founding
- The year 2010 is represented in Roman Numerals as
- In which country is the seat of the United Nations International Court of Justice?
View More Questions
Top SNAP Banking and Finance Questions
- In banking terminology, CRR means
- In banking terminology, CRR means
- Which out of the following holds the highest number of shares of ICICI Bank?
- At what frequency SENSEX calculation is carried out?
- Who declares the "Credit Policy" of India?
View More Questions
Top SNAP Questions
- In a retail outlet, the average revenue was Rs.10,000 per day over a 30 day period. During this period, the average revenue on weekends (total 8 days) was Rs. 20,000 per day. What was the average daily revenue on weekdays?
- Two different prime numbers X and Y, both are greater than 2, then which of the following must be true?
- It takes 6 hours for pump A, used alone, to fill a tank of water. Pump B alone takes 8 hours to fill the same tank. A, B and another pump C all together fill the tank in 2 hours. How long would pump C take, used alone, to fill the tank?
- A swimming pool can be filled by pipe A in 3 hours and by pipe B in 6 hours, each pump working on its own. At 9 am, pump A is started. At what time will the swimming pool be filled if pump B is started at 10 am?
- The sum of prime numbers that are greater than 60, but less than 70 is :
View More Questions