Answer-Of the following components of India’s Foreign Exchange Reserves, which has maximum share?

Indiarsquos Forex reserves have increased to 371.13 billion as on April 21, 2017. FCAs constitute the largest component it which was 347.48 billion. FCAs consist of US dollar and other major non-US global currencies. It also comprises of investments in US Treasury bonds, bonds of other selected governments, deposits with foreign central and commercial banks. The gold reserves stood at 19.86 billion. SDRsrsquo value was 1.45 billion. RBIrsquos reserve position with the IMF was 2.33 billion.

Question

Of the following components of India’s Foreign

Exchange Reserves, which has maximum share?

A Foreign currency assets (FCAs)

B Gold Special Drawing Rights (SDRs)

C Gold

D RBI’s Reserve position with International Monetary Fund (IMF)

E All have equal share

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RBI Grade B

Of the following components of India&rsquo;s Foreign

Solution

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Of the following components of India’s Foreign