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Foreign Exchange

29. Which of ...

Question

29. Which of the following is not a part of foreign exchange reserves of India?

A

A. Gold

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B

B. Foreign currency

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C

C. Special drawing rights

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D

D. Equities

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Solution

The correct option is D D. Equities
D. Equities
Reason: The foreign exchange reserves of India = Gold + Foreign exchange + SDR’s

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