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    Question

    What does CGRA expand

    to?
    A Currency and Gold Revaluation Amount Correct Answer Incorrect Answer
    B Capital and Gain Registration Account Correct Answer Incorrect Answer
    C Current and Gain Revaluation Account Correct Answer Incorrect Answer
    D Currency and Gold Revaluation Account Correct Answer Incorrect Answer
    E Convertible Gift Revaluation Account Correct Answer Incorrect Answer

    Solution

    The Currency and Gold Revaluation Account (CGRA) is the unrealized gain/loss in the value of gold and foreign exchange RBI holds based on movements in their value which is not considered in the income account but taken as a balance-sheet item.

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