ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!
  • google app store apple app store
    • тЬЦ

      Question

      Consider the following statements about Foreign Exchange

      Reserves: 1. These may include foreign currencies, bonds, treasury bills, and other government securities. 2. Reserves are denominated and expressed in the US dollar. 3. SBI is the custodian of the Foreign exchange reserves in India. Which of the above statement is/are not correct?
      A 1 only Correct Answer Incorrect Answer
      B 2 only Correct Answer Incorrect Answer
      C 3 only Correct Answer Incorrect Answer
      D 1 and 2 only Correct Answer Incorrect Answer
      E 1, 2 and 3 only Correct Answer Incorrect Answer

      Solution

      These may include foreign currencies, bonds, treasury bills, and other government securities. Reserves are denominated and expressed in the US dollar, which is the international numeraire for the purpose. RBI is the custodian of the Foreign exchange reserves in India.

      Practice Next
      More Economy and Banking and Finance Current Affairs Questions

      Relevant for Exams:

      ask-question