Multiple Choice Questions on India will soon get a seat in the newly constituted Global Foreign Exchange Committee GFXC whi........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

India will soon get a seat in the newly constituted Global Foreign Exchange Committee GFXC whi...........

Economic Affairs Balance of Payments
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     India will soon get a seat in the newly constituted Global Foreign Exchange Committee (GFXC). which of the following is incorrect in this regard?

     It is forum of central bankers and experts working towards promotion of a robust and transparent forex market.

    Incorrect Answer

     It has been established under the aegis of Bank of International Settlements (BIS)

    Incorrect Answer

     It comprises of public and private sector representatives from the foreign exchange committees of 36 international forex trading centres.

    Correct Answer

     One of its major tasks is to maintain and update the “Global Code of Conduct for the Foreign Exchange Markets”.

    Incorrect Answer
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    Explanation:

    correct statement: It comprises of public and private sector representatives from the foreign exchange committees of 16 international forex trading centres.

    By: Abhishek Sharma
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