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Which of the following comprises of India’s foreign exchange reserves?
1. Foreign currency assets (FCAs)
2. Gold and Silver
3. SDR (special drawing rights) in IMF
4. RTP (reserve tranche position) in IMF
Select the correct answer using the code given below:
- a)1 and 4 only
- b)1 and 2 only
- c)1, 2 and 3 only
- d)1, 3 and 4 only
Correct answer is option 'D'. Can you explain this answer?
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Which of the following comprises of India’s foreign exchange res...
India’s foreign exchange reserves crossed the $600 billion mark for the first time after rising by $6.842 billion in the week ended on June 4. Forex reserves rose to a record $605.008 billion in the reporting week, helped by a rise in Foreign Currency Assets (FCA), a major component of the overall reserves.
Countries with the highest foreign reserves according to IMF (June 13, 2021)
- China – $3,330 Billion
- Japan – $1,378 Billion
- Switzerland – $1,070 Billion
- Russia – $605.200 Billion
- India – $605.008 Billion
- Foreign-exchange reserves (also called forex reserves or FX reserves) are reserve assets held by a central bank in foreign currencies.
- They are used to back liabilities on their own issued currency, support the exchange rate and set monetary policy.
- Components: India’s foreign exchange reserves comprise
- Foreign currency assets (FCAs). These are maintained in currencies like US dollar, euro, pound sterling, Australian dollar and Japanese yen.
- Gold
- SDR (special drawing rights) in IMF: This is the reserve CURRENCY with IMF
- RTP (reserve tranche position) in IMF: This is the reserve CAPITAL with IMF
Hence, option (d) is the correct answer.
Most Upvoted Answer
Which of the following comprises of India’s foreign exchange res...
India comprises of the following:
1. States: India is divided into 28 states including Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Goa, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Punjab, Rajasthan, Sikkim, Tamil Nadu, Telangana, Tripura, Uttar Pradesh, Uttarakhand, and West Bengal.
2. Union Territories: India also has 8 Union Territories including Andaman and Nicobar Islands, Chandigarh, Dadra and Nagar Haveli and Daman and Diu, Lakshadweep, Delhi, Puducherry, Ladakh, and Jammu and Kashmir.
These states and union territories together form the Republic of India.
1. States: India is divided into 28 states including Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Goa, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Punjab, Rajasthan, Sikkim, Tamil Nadu, Telangana, Tripura, Uttar Pradesh, Uttarakhand, and West Bengal.
2. Union Territories: India also has 8 Union Territories including Andaman and Nicobar Islands, Chandigarh, Dadra and Nagar Haveli and Daman and Diu, Lakshadweep, Delhi, Puducherry, Ladakh, and Jammu and Kashmir.
These states and union territories together form the Republic of India.
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Which of the following comprises of India’s foreign exchange reserves?1. Foreign currency assets (FCAs)2. Gold and Silver3. SDR (special drawing rights) in IMF4. RTP (reserve tranche position) in IMFSelect the correct answer using the code given below:a)1 and 4 onlyb)1 and 2 onlyc)1, 2 and 3 onlyd)1, 3 and 4 onlyCorrect answer is option 'D'. Can you explain this answer?
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Which of the following comprises of India’s foreign exchange reserves?1. Foreign currency assets (FCAs)2. Gold and Silver3. SDR (special drawing rights) in IMF4. RTP (reserve tranche position) in IMFSelect the correct answer using the code given below:a)1 and 4 onlyb)1 and 2 onlyc)1, 2 and 3 onlyd)1, 3 and 4 onlyCorrect answer is option 'D'. 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 Which of the following comprises of India’s foreign exchange reserves?1. Foreign currency assets (FCAs)2. Gold and Silver3. SDR (special drawing rights) in IMF4. RTP (reserve tranche position) in IMFSelect the correct answer using the code given below:a)1 and 4 onlyb)1 and 2 onlyc)1, 2 and 3 onlyd)1, 3 and 4 onlyCorrect answer is option 'D'. 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 Which of the following comprises of India’s foreign exchange reserves?1. Foreign currency assets (FCAs)2. Gold and Silver3. SDR (special drawing rights) in IMF4. RTP (reserve tranche position) in IMFSelect the correct answer using the code given below:a)1 and 4 onlyb)1 and 2 onlyc)1, 2 and 3 onlyd)1, 3 and 4 onlyCorrect answer is option 'D'. Can you explain this answer?.
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