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Foreign Exchange

Which of the ...

Question

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

A

Special drawing rights

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B

Gold

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C

Reserve with IMF

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D

Foreign exchange assets

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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.

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