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Consider the following statements:


1. Foreign Currency Assets (FCA) and Gold Reserves are included in India's forex reserves.


2. Foreign Currency Reserves are measured in US dollars.


Which of the statements given above is/are correct?

  • a)
    1 only

  • b)
    2 only

  • c)
    Both 1 and 2

  • d)
    Neither 1 nor 2

Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Consider the following statements:1. Foreign Currency Assets (FCA) and...
  • Foreign exchange reserves are assets held on reserve by a central bank in foreign currencies, including bonds, treasury bills and other government securities.
  • India’s Forex Reserve include:
    • Foreign Currency Assets
    • Gold reserves
    • Special Drawing Rights
    • Reserve position with the IMF.
  • Foreign Currency Assets are valued assets based on a currency other than the country's own currency.
    • FCA is the largest component of the forex reserve. It is expressed in dollar terms. 
    • The FCAs also include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves
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Consider the following statements:1. Foreign Currency Assets (FCA) and Gold Reserves are included in Indias forex reserves.2. Foreign Currency Reserves are measured in US dollars.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements:1. Foreign Currency Assets (FCA) and Gold Reserves are included in Indias forex reserves.2. Foreign Currency Reserves are measured in US dollars.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements:1. Foreign Currency Assets (FCA) and Gold Reserves are included in Indias forex reserves.2. Foreign Currency Reserves are measured in US dollars.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:1. Foreign Currency Assets (FCA) and Gold Reserves are included in Indias forex reserves.2. Foreign Currency Reserves are measured in US dollars.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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