Tag: general knowledge

X was founded in 1924 by Master Sunder Singh Lyallpuri, founder-father of the Akali Movement. History states that Mahatama Gandhi himself laid the foundation of X and Devdas Gandhi (son of Mahatma Gandhi) was one of its first employees. Khushwant Singh, the famous sikh also worked here at a point of time. X is based in Delhi and is a part of the KK Birla group. Identify X

X were originally created to replace Gold and Silver in large international transactions. In late March 2009 Zhou Xiaochuan, governor of the People's Bank of China proposed using X as a worldwide reserve currency in place of the dollar. Only 21.4 billion of them existed ($31.9b) till this banking crisis, and now $250b worth of it to be created for saving global economy. X are used to limit carrier liability on international flights (Warsaw Convention), as well as ship owner liability for cargo damages and oil pollution, international roaming tariffs etc. What is X?