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State PCS PYQPrelims 2023

BPSC – Combined Competitive Examination · Question 111

The Foreign Exchange Reserves of RBI include which of the following? 1. Foreign Currency Assets (FCA) 2. Gold 3. Special Drawing Rights (SDR) 4. Reserve Tranche Position

  1. Only 1 and 2
  2. Only 2, 3 and 4
  3. Only 1, 2 and 3
  4. All of the above
Show answer & explanation

Answer: (D) All of the above

Explanation

RBI reports reserves in four components: FCA, gold, SDRs and the IMF reserve tranche.

  • (A) Incorrect

    Wrong: SDR and RTP are also included.

  • (B) Incorrect

    Wrong: FCA, the largest part, is also included.

  • (C) Incorrect

    Wrong: the reserve tranche is also included.

  • (D) Correct

    Correct: India's forex reserves = FCA + gold + SDRs + reserve tranche position with the IMF.