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State PCS PYQPrelims 2025

BPSC – Combined Competitive Examination · Question 44

India's foreign exchange reserves:

  1. Increased to around USD 640 billion as of the end of December 2024
  2. Are the seventh largest in the world
  3. Decreased due to a BoP deficit of around USD 24 billion in 2024
  4. More than one of the above
Show answer & explanation

Answer: (A) Increased to around USD 640 billion as of the end of December 2024

Explanation

India's reserves were about $640 billion at end-December 2024, among the four largest in the world.

  • (A) Correct

    Correct: reserves stood at about $640 billion at end-December 2024.

  • (B) Incorrect

    Wrong: India ranks about fourth, not seventh.

  • (C) Incorrect

    Wrong: this is not supported by the data for 2024.

  • (D) Incorrect

    Wrong: only statement A is correct.