GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Maximum Part of India Foreign Currency is utilized for____
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Iron-Steel Import
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Food Item Import
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Petroleum Import
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Technology Knowledge Import
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Explanation:
Detailed explanation-1: -The export of petroleum products increased from 38.94 Mt in 2008–09 to 56.76 Mt during 2020–21. India has an 82.8% import dependence for crude oil and 45.3% for natural gas.
Detailed explanation-2: -Foreign Currency Assets FCA is the largest component of the forex reserve. It is expressed in dollar terms.
There is 1 question to complete.