“Gold Tranche” (Reserve Tranche) refers to

[UPSC Civil Services Exam – 2020 Prelims]

(a) a loan system of the World Bank

(b) one of the operations of a Central Bank

(c) a credit system granted by WTO to its members

(d) a credit system granted by IMF to its members


Answer: (d)        

Explanation:

  • The International Monetary Fund (IMF) is financed through contributions from its member countries based on their allocated quotas.
  • The reserve tranche refers to a designated portion of a member country’s quota held by the IMF. This portion can be accessed by the member country at any time without being subjected to conditions or service fees.
  • The reserve tranche serves as an emergency account for member countries, allowing them to withdraw a portion of their quota freely and without incurring interest charges.
  • However, if a member country wishes to withdraw an amount beyond the initial 25% of its reserve tranche, it may require permission from the IMF and be subject to a service fee.

Consider the following statements:                                                                   The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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Consider the following statements:                                                         The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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