A) Foreign investment
B) NRI deposits
C) External Commercial Borrowings (ECB)
D) All the above
Correct Answer: D
Solution :[d] The Foreign exchange reserves of India are mainly composed of US dollar in the forms of US government bonds and institutional bonds. Foreign exchange reserves act as the first line of defence for India in case of economic slowdown, but acquisition of reserves has its own costs.
You need to login to perform this action.
You will be redirected in 3 sec