Previous year MCQs

Indian Polity UPPSC 2003 GS-I
Question

Which one of the following statements about foreign exchange reserves of India, is not true:

Answer & Solution

Answer: (Detailed Solution Below)

Option D: Presently foreign exchange situation is satisfactory in India.

Detailed Solution:

The correct answer is “Presently foreign exchange situation is satisfactory in India.”.
The main elements of forex reserves in India include foreign currencies, gold reserves, special drawing rights, and the reserve portion in IMF.

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