Multiple Choice Questions on Which of the following could lead to increase in Forex Reserves in India ........ for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Which of the following could lead to increase in Forex Reserves in India ........

Economic Affairs Balance of Payments
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    Which of the following could lead to increase in Forex Reserves in India?

    Increased Exports

    Incorrect Answer

    Increased FDI/FII

    Incorrect Answer

    Reduced Imports

    Incorrect Answer

    All of the above

    Correct Answer
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    Explanation:

    First two will mean more income in Forex terms i.e. inflow of foreign currency thereby increasing Forex reserves. 

    Reducing imports will again save outgo of Forex thereby increasing them

    By: Vishal
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