1) Which of the following is/are not included in FOREX?
1. Foreign currency assets held by the RBI
2. Gold holdings of the RBI
3. SDRs
4. Reserve Position in the IMF
a. 1,2,3
b. 2,3,4
c. 1,3,4
d. None
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Answer
Explanation
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ANSWER: None
Explanation:
- China has the largest forex reserves.
- The level of forex reserve is expressed in US dollars. Hence India’s forex reserve declines when US dollar appreciates against major international currencies and vice versa.
- FOREX can be gained through buying, getting funds from IMF or world bank etc. or interest and aid received by India.
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2) Which of the following is / are included in FOREX?
1. Foreign currency assets held by the RBI
2. Gold holdings of the RBI
3. SDRs
4. Reserve Position in the IMF
a. 1,2,3
b. 2,3,4
c. 1,3,4
d. All of the above
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Answer
Explanation
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ANSWER: All of the above
Explanation:
No explanation is available for this question!
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