“स्वर्ण-ट्रान्श” (रिज़र्व ट्रान्श) निर्दिष्ट करता है
Read this question in English
“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
उत्तर और व्याख्या · explanation in English
Answer: (d) IMF द्वारा इसके सदस्यों को प्रदत्त एक साख प्रणाली को
The reserve tranche (historically the 'gold tranche', because that share of the quota was once paid in gold) is the part of a member's IMF quota paid in reserve assets. A member can draw on it from the IMF when needed, so it counts in India's foreign exchange reserves as the Reserve Tranche Position.
- ✓ (d) Each IMF member pays its quota partly in SDRs or usable currencies and partly in its own currency; the gap between the quota and the IMF's holdings of its currency is its reserve tranche position, which it can draw on.
- ✗ (a) The World Bank lends for development projects; quotas and tranches belong to the IMF's financing structure.
- ✗ (c) The WTO is a trade-rules body and does not extend credit to its members.
Remember · India's forex reserves = foreign currency assets + gold + SDRs + Reserve Tranche Position (RTP) in the IMF. Reserve tranche = quota share paid in reserve assets.
Sources
- MoSPI, Statistical Year Book India, Chapter 40: Exchange, Coinage and Currency ↗ “Each member of the IMF is assigned a quota, part of which is payable in SDRs or specified usable currencies ("reserve assets"), and part in the member's own currency. The difference between a member's quota and the IMF's holdings of its currency is a country's Reserve Tranche Position (RTP). … India’s foreign exchange reserves comprise foreign currency assets (FCA), gold, special drawing rights (SDRs) and reserve tranche position (RTP) in the International Monetary Fund (IMF).”
Question and answer: UPSC's official GS Paper I (2020, Series A) — paper ↗ · answer key ↗. Explanation: Minimalist IAS, checked 30 Sept 2026 (how we verify). ·