New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    India’s Forex Reserve comprises of which of the following assets?

    1.    Foreign Currency Assets

    2.    Gold

    3.    Special Drawing Rights (SDRs)

    Select the correct answer using the code given below:

    A 1 and 2 only Correct Answer Incorrect Answer
    B 2 and 3 only Correct Answer Incorrect Answer
    C 1 and 3 only Correct Answer Incorrect Answer
    D 3 only Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    India’s forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India’s reserve position with the International Monetary Fund (IMF).

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