RBI Grade B Officers 2011 dec Paper

Question : 69 of 200

Marks: +1, -0

The Central Banks of five developed countries recently came together and decided to provide unlimited dollar loans to banks in their areas. What was the purpose of the same ?

To prevent China from becoming a bigger lender than the World Bank
Ease growing tensions in the Euro zone’s financial sector
To reinstate USA’s Credit rating at AAA level from the downgraded AA+ level
To create an emergency pool of dollars to provide instant help to any country in case of need
None of these

Validate

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