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      Question

      What does CGRA expand

      to?
      A Currency and Gold Revaluation Amount Correct Answer Incorrect Answer
      B Capital and Gain Registration Account Correct Answer Incorrect Answer
      C Current and Gain Revaluation Account Correct Answer Incorrect Answer
      D Currency and Gold Revaluation Account Correct Answer Incorrect Answer
      E Convertible Gift Revaluation Account Correct Answer Incorrect Answer

      Solution

      The Currency and Gold Revaluation Account (CGRA) is the unrealized gain/loss in the value of gold and foreign exchange RBI holds based on movements in their value which is not considered in the income account but taken as a balance-sheet item.

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