Current Affairs Exam  >  Current Affairs Questions  >  Consider the following statements.1. The RBIs... Start Learning for Free
Consider the following statements.
1. The RBI's net forex reserve is part of the economy's or Government'sGovernment's Reserve Money (RM).
2. India'sIndia's foreign exchange reserves have never exceeded its overall external debt (including that of the private sector).
Which of the above statements is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Consider the following statements.1. The RBIs net forex reserve is par...
The gross amount of the following six segments of money at any point of time is known as the Reserve Money (RM) for the economy or the Government:
  • RBI'sRBI's net credit to the Government;
  • RBI'sRBI's net credit to the Banks;
  • RBI'sRBI's net credit to the commercial banks;
  • Net forex reserve with the RBI;
  • Government'sGovernment's currency liabilities to the public;
  • Net non-monetary liabilities of the RBI.
India'sIndia's forex reserves stood at US$ 584.24 as of January 15, 2021, greater than India'sIndia's total external debt (including that of the private sector) of US$ 556.2 bn as of September 2020.
View all questions of this test
Explore Courses for Current Affairs exam

Top Courses for Current Affairs

Consider the following statements.1. The RBIs net forex reserve is part of the economys or GovernmentsGovernments Reserve Money (RM).2. IndiasIndias foreign exchange reserves have never exceeded its overall external debt (including that of the private sector).Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
Question Description
Consider the following statements.1. The RBIs net forex reserve is part of the economys or GovernmentsGovernments Reserve Money (RM).2. IndiasIndias foreign exchange reserves have never exceeded its overall external debt (including that of the private sector).Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. 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. The RBIs net forex reserve is part of the economys or GovernmentsGovernments Reserve Money (RM).2. IndiasIndias foreign exchange reserves have never exceeded its overall external debt (including that of the private sector).Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. 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. The RBIs net forex reserve is part of the economys or GovernmentsGovernments Reserve Money (RM).2. IndiasIndias foreign exchange reserves have never exceeded its overall external debt (including that of the private sector).Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
Solutions for Consider the following statements.1. The RBIs net forex reserve is part of the economys or GovernmentsGovernments Reserve Money (RM).2. IndiasIndias foreign exchange reserves have never exceeded its overall external debt (including that of the private sector).Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs. Download more important topics, notes, lectures and mock test series for Current Affairs Exam by signing up for free.
Here you can find the meaning of Consider the following statements.1. The RBIs net forex reserve is part of the economys or GovernmentsGovernments Reserve Money (RM).2. IndiasIndias foreign exchange reserves have never exceeded its overall external debt (including that of the private sector).Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements.1. The RBIs net forex reserve is part of the economys or GovernmentsGovernments Reserve Money (RM).2. IndiasIndias foreign exchange reserves have never exceeded its overall external debt (including that of the private sector).Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Consider the following statements.1. The RBIs net forex reserve is part of the economys or GovernmentsGovernments Reserve Money (RM).2. IndiasIndias foreign exchange reserves have never exceeded its overall external debt (including that of the private sector).Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Consider the following statements.1. The RBIs net forex reserve is part of the economys or GovernmentsGovernments Reserve Money (RM).2. IndiasIndias foreign exchange reserves have never exceeded its overall external debt (including that of the private sector).Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements.1. The RBIs net forex reserve is part of the economys or GovernmentsGovernments Reserve Money (RM).2. IndiasIndias foreign exchange reserves have never exceeded its overall external debt (including that of the private sector).Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice Current Affairs tests.
Explore Courses for Current Affairs exam

Top Courses for Current Affairs

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev