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Characteristics of Money

The Foreign E...

Question

The Foreign Exchange Reserves of India are kept in the custody of the _________.

A

World Bank

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B

International Monetary Fund

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C

Prime Minister Rahat Kosh

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D

Reserve Bank of India

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Solution

The correct option is D Reserve Bank of India
The Foreign Exchange Reserves of India are kept in the custody of the Reserve Bank Of India. RBI is the apex bank. It takes responsibility of forex management.

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