Which one of the following countries` Central Bank has procured 200 metric tons of gold from the IMF in October 2009 ?

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Submitted by examrobotsa on

Q: 54 (CDS-I/2010)
Which one of the following countries' Central Bank has procured 200 metric tons of gold from the IMF in October 2009 ?

question_subject: 

Economics

question_exam: 

CDS-I

stats: 

0,33,81,28,32,21,33

keywords: 

{'central bank': [0, 0, 1, 2], 'sri lanka': [1, 1, 0, 2], 'india': [8, 1, 7, 13], 'china': [1, 0, 1, 2], 'singapore': [7, 3, 19, 27], 'countries': [1, 0, 2, 6], 'gold': [8, 1, 7, 14], 'imf': [0, 1, 2, 0], 'metric tons': [0, 0, 1, 0]}

The correct answer is option 4, India. In October 2009, the Reserve Bank of India (RBI), which is the central bank of India, procured 200 metric tons of gold from the International Monetary Fund (IMF).

Let`s dissect each option to understand why the other options are incorrect:

- Option 1: China. While China is the world`s largest gold producer and consumer, it did not procure 200 metric tons of gold from the IMF in October 2009.

- Option 2: Sri Lanka. Sri Lanka is a small country and it is unlikely that its central bank would have procured such a large amount of gold from the IMF.

- Option 3: Singapore. Similar to Sri Lanka, Singapore is also a small country and it is highly unlikely that its central bank would have purchased 200 metric tons of gold from the IMF.

Therefore, the correct answer is option 4, India, as the RBI did indeed procure 200 metric tons of gold from the IMF in October 2009.