BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Foreign-currency assets, Special Drawing Rights (SDRs) and Loans from foreign countries.
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Foreign-currency assets, Gold holdings of RBI and Special Drawing Rights (SDRs)
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Foreign-currency assets, Loans from the World Bank and Special Drawing Rights (SDRs)
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Foreign-currency assets, Gold holdings of RBI and Loans from the World Bank.
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Detailed explanation-1: -The correct answer is Foreign-currency assets, gold holdings of the RBI and SDRs. India’s foreign-exchange reserves include Foreign-currency assets (FCA), Gold reserves, Special Drawing Rights (SDRs) and reserve position with the IMF.
Detailed explanation-2: -In India’s foreign exchange reserve, it includes foreign currency deposits, bonds, gold reserves, SDRs and IMF reserve position.
Detailed explanation-3: -FCA is the largest component of the forex reserve. 2. Gold. 3.
Detailed explanation-4: -Silver holding of the RBI is not included in the foreign exchange reserves of India. India is amongst the top ten reserve holding emerging market nations. the predominant component of foreign exchange reserves is in forms of foreign currency assets.