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UPSC 2020: "Gold Tranche" (Reserve Tranche) refers to
(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
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Not attemptedCorrect Answer: (d) a credit system granted by IMF to its members
In the IMF, each member’s quota was historically paid 25 % in gold; that portion constituted the ‘Gold Tranche’ (now called the Reserve Tranche). A country can draw on this tranche unconditionally for balance-of-payments support, so it is a facility provided by the IMF to its members, making option (d) correct. ([economicsdiscussion.net](https://www.economicsdiscussion.net/international-monetary-system/features-of-international-monetary-system-after-jamaica-plan-1976/8455?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2020 Indian Economy question?▼
The correct answer is option (d): a credit system granted by IMF to its members. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this International Institutions & Reports question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2020, GS Paper 1, as Question 17. It falls under Indian Economy > International Institutions & Reports.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from International Institutions & Reports?▼
UPSC has asked 39 questions from International Institutions & Reports (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.