BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Foreign Currency Assets
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SDRs
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Reserve Position in the IMF
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All of the above
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Detailed explanation-1: -In India’s foreign exchange reserve, it includes foreign currency deposits, bonds, gold reserves, SDRs and IMF reserve position.
Detailed explanation-2: -The group of items which included in India’s foreign exchange reserves are : Foreign currency assets, gold holding of RBI and Special Drawing Rights(SDR). Was this answer helpful?
Detailed explanation-3: -The correct answer is 4 i.e. Crude oil reserve. Foreign exchange reserves of India: India has high foreign-exchange reserves; including cash, bank deposits, bonds, and other financial assets like our Indian rupee.
Detailed explanation-4: -FCA is the largest component of the forex reserve. 2. Gold. 3.
Detailed explanation-5: -According to RBI’s latest data, India’s foreign currency assets, the biggest component of the forex reserves, rose by USD 9.078 billion to USD 505.519 billion. Gold reserves rose by USD 1.106 to USD 42.890 billion. Notably, at the start of last year-2022, the overall forex reserves were at about USD 633 billion.