2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4.2%
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4.4%
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4.5%
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4.6%
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Detailed explanation-1: -Reserve Bank’s gold reserves rose 4.5% to 794.64 tonnes in 2022-23: The Reserve Bank of India (RBI) has increased its gold reserves by 4.5% to 794.64 metric tonnes in the fiscal year that ended on March 31, 2023.
Detailed explanation-2: -However, the vault today remains the world’s largest known depository of monetary gold. As of 2019, the vault housed approximately 497, 000 gold bars, with a combined weight of about 6, 190 tons.
Detailed explanation-3: -After buying 200 tonnes from the International Monetary Fund (IMF) in 2009, RBI didn’t add much yellow metal to its reserves. However, from FY18, RBI has steadily increased its gold reserve from 560.3 tonnes to 790.2 tonnes as of February 2023 end, according to WGC, which collates data from IMF.