SSC Economics Sample Paper NCERT Sample Paper-1

  • question_answer
    Foreign exchange reserves in India includes:
    1. Foreign Exchange Assets of RBI
    2. Gold stock of RBI
    3. SDR holding of the Government.

    A)  Only 1 and 2    

    B)  Only 2 and 3

    C)  Only 1 and 3    

    D)  All 1, 2 and 3

    Correct Answer: D

    Solution :

    [d] In India, Foreign Exchange Reserves are the foreign assets held or controlled by the RBI. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.

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