Consider the following statements 1 India rsquo s foreign exchange reserve has been steadily increas...........

Economic Affairs World Bank and IMF

Download Solution PDF

Consider the following statements

1.India’s foreign exchange reserve has been steadily increasing since the last decade.

2.India’s foreign exchange reserve also includes India’s position with International Monetary Fund (IMF).

Which of the statements given above is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

छोटे Courses बड़े Results

Master World Bank and IMF

Prepare through Micro-courses

Try Now

Explanation:

2 only

"India’s foreign exchange reserve has been steadily increasing since the last decade." - This statement is not correct.

"India’s foreign exchange reserve also includes India’s position with the International Monetary Fund (IMF)." - This statement is correct. India's foreign exchange reserves comprise various components, and one of them is the country's reserve position with the International Monetary Fund (IMF).

Report error

Submit Error