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 Correct Answer Incorrect Answer
    B Only i& iii Correct Answer Incorrect Answer
    C Only ii Correct Answer Incorrect Answer
    D Only ii, iii Correct Answer Incorrect Answer
    E All the above are correct Correct Answer Incorrect Answer

    Solution

    The correct answer is E

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