| I. Foreign exchange reserves in India comprises of 6 elements. |
| II. Foreign exchange management can be done in three possible ways: Fixed currency regime, floating currency regime and managed exchange rates. |
| III. Silver is an element of foreign exchange reserve |
A) I & II
B) Only II
C) Only III
D) None of the above
Correct Answer: B
Solution :
Foreign exchange management can be done in three possible ways: Fixed currency regime, floating currency regima and managed exchange rates. The foreign exchange reserves of India comprise of four elements
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