Madanapalle Institute of Technology and Science, Madanapalle
Question : Which of the following does not form a part of the foreign exchange reserve of India?
Option 1: Gold
Option 2: SDRs
Option 3: Foreign currency assests
Option 4: Foreign currency and securities held by the banks and corporate bodies
Correct Answer: Foreign currency and securities held by the banks and corporate bodies
Solution : Correct Answer is Foreign currency and securities held by the banks and corporate bodies
A central bank's holdings in foreign currencies are known as foreign exchange reserves. These reserves are employed to support obligations and
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