Question

What is known as 'Paper Gold' ? 
1. Currencies still on Gold standard
2. Special Drawing Rights (SDRs) of the IMF
3. Special accommodation facility of the World Bank
4. All of the above

Answer 1

Correct Answer - Option 2 : Special Drawing Rights (SDRs) of the IMF

The correct answer is Special Drawing Rights (SDRs) of the IMF.

• Paper Gold is the term that represents the special drawing rights of IMF.
• Special Drawing Rights is a type of supplementary foreign exchange reserve asset. 

• Currencies still on Gold Standard:- Gold won't be a currency today. But it possesses an intrinsic value and is free from any counterparty risk.
• Special accommodation facility of the World Bank:-   financial grant provided by the world bank for accommodation in underdeveloped, developing countries.