wiz-icon
MyQuestionIcon
MyQuestionIcon
10
You visited us 10 times! Enjoying our articles? Unlock Full Access!
Question

Which of the following is the biggest contributors in India's foreign exchange reserve?

A
Special drawing rights
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Gold
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Reserve with IMF
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Foreign exchange assets
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is C Foreign exchange assets
Foreign exchange assets refers to the difference between the value of the assets that country owns abroad and the value of domestic assets owned by foreigners. It has a balance of payments identity. Foreign exchange assets is the biggest contributor in India's foreign exchange reserve.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Industry and Trade
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon