Question

What is NOT Correct about Foreign Exchange Reserves of

India? (i) US dollar has highest share in the Forex reserves. (ii) The reserves are managed by the Reserve Bank of India for the Indian government (iii) Reserve Bank of India accumulates foreign currency reserves by purchasing from authorized dealers in open market operations.

A Only i, ii & iii

B Only i& iii

C Only ii

D Only ii, iii

E All the above are correct

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