2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4th
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6th
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8th
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10th
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Detailed explanation-1: -With 132.34 metric tonnes of gold purchase, RBI emerged as the largest buyer of the yellow metal among central banks between April 2020 and September 2022. Gold has a very unusual lover.
Detailed explanation-2: -The majority of the central bank buying in 2022 came from emerging markets, with the Central Bank of Turkey the largest buyer at a record 542 tons. China, India, Egypt, Qatar, Iraq, the UAE and Oman all significantly boosted their gold reserves over the year.
Detailed explanation-3: -World Gold Council Report: India ranked 4th in global gold recycling.
Detailed explanation-4: -The central bank of Qatar, for instance, made history by buying 15 MT of Gold in a single month of Q3 2022, breaking its old record of a similar buying spree way back in 1967. Turkey bought 94.87 MT of gold in the first nine months of 2022.