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    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.

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