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“Gold Tranche” (Reserve Tranche) refers to

,

“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)

credit system granted by IMF to its members

Answer:

(d)

CA

Explanation

The IMF is funded through its members and their quota contributions. The reserve tranche is basically an emergency account that IMF members can access at any time without agreeing to conditions or paying a service fee. Therefore the correct answer is (d).