Consider the below statements 1 The foreign investment which includes foreign direct investment FDI ...........

Economics- Phase (I & II) Balance of Payment and Foreign Exchange Markets

Consider the below statements:

1. The foreign investment, which includes foreign direct investment (FDI) and foreign institutional investment (FII), has increased from about US $ 100 million in 1990-91 to US $ 467 billion in 2012-13.

2. There has been an increase in the foreign exchange reserves from about US $ 6 billion in 1990-91 to about US $ 304 billion in 2013-14.

3. India is one of the largest foreign exchange reserve holders in the world.

Select the correct statements using the codes given below:

1 and 2 only

2 and 3 only

1 and 3 only

All are correct

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Explanation:

Foreign-exchange reserves (also called Forex reserves) are, in a strict sense, only the foreign-currency deposits held by national central banks and monetary authorities.
However, in popular usage, it also includes gold reserves, special drawing rights (SDRs) and International Monetary Fund (IMF) reserve position because this total figure, which is usually more accurately termed as official reserves or international reserves or official international reserves, is more readily available.