BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is facilitated by Foreign Exchange Reserves?
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External trade
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Orderly development
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Maintenance of foreign exchange market
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All of the above
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Explanation:
Detailed explanation-1: -Foreign exchange reserves facilitate external trade and payment and promote orderly development and maintenance of foreign exchange market in India.
Detailed explanation-2: -Silver holding of the RBI is not included in the foreign exchange reserves of India.
There is 1 question to complete.