Finance & Development Policy
Quick practice
Question 1 of 5
According to the Tarapore Committee, what should be the ideal size of foreign exchange reserves of the Reserve Bank of India (RBI)?
A
It should be sufficient to finance the fiscal deficit of the government for a period of three years.
B
It should be sufficient to cover the imports for a period of six months.
C
It should be sufficient to cover the external debt repayment for a period of two years.
D
It should be at least 70% of the total foreign exchange reserves of China.
Concepts
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