What the NOT Correct about Foreign Exchange Reserves of India?
i. US dollar has highest share in the Forex reserves.
ii. The reserves are managed by the Reserve Bank of India for the Indian government
iii. Reserve Bank of India accumulates foreign currency reserves by purchasing from authorized dealers in open market operations.
Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets
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Which of the following is an alphanumeric code that facilitates electronic funds transfer in India?
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When traders first sell securities without first borrowing them or having possession of those securities, that is called:
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Opening Sundry Creditors: ₹80,000
Opening Bills Payable: â...
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What is the requirement for the implementation of Core Banking Solution (CBS) for a UCB to be classified as FSWM?
Under the Liberalised Remittance scheme (LRS), the received/ realised/ unspent/ unused foreign exchange, unless reinvested, shall be repatriated and sur...
Anger, frustration, humor etc. are which types of barriers to the effective communication?
