Question

India’s Foreign Exchange Reserve has reached to life time high in May 2017 first week. What was the amount of Forex reserve on May 5, 2017?

A $354 billion Correct Answer Incorrect Answer
B $366 billion Correct Answer Incorrect Answer
C $376 billion Correct Answer Incorrect Answer
D $385 billion Correct Answer Incorrect Answer
E $396 billion Correct Answer Incorrect Answer

Solution

India’s foreign exchange (Forex) reserves have increased by $2.985 billion to touch a lifetime high of $375.71 billion in the week that ended on May 5. The increase was due to increase in foreign currency assets (FCAs). The reserves had increased by $2.474 billion to $351.53 billion in the previous week.

Practice Next

Relevant for Exams:

×
×