FOREX IN INDIA RBI IS THE CUSTODIAN OF FOREX IN INDIA
Components of Forex reserve in India -Foreign Currency (Dollar)-75% . Gold Reserve with IMF SDR
Forex in India 294 2006-07199.2 2007-08-309.7 2008-09 252,0 2009-10 -279 2010-11-304 2011-12 2012-13292 2013-14 2014-15 2015-16 350 2016-17 2017-18 400 304 341 365
ECONOMIC SURVEY 2017-18 Reason why india's FOREX continuously increasing: 1. Increase in Foreign Investment(FDI and FPI) in India 2. Due to valuation effect of Dollar
To cover Foreign Debt, India's FOREX has been increased from 78% to now 80% of Foreign Debt.
Consider the following statement about FOREX in india: 1. India's FOREX has been continuously increasing since last five years 2. India's FOREX at present sufficient to be able to discharge 80% of Foreign Debt. Which of the above statement is/are correct a. only1 b. only 2 c. 1 and 2 d. none of the above
Q. Which one of the following groups of items is included in India's foregin - exchange reserves? a. Foreign-currency assets, Special Drawing Rights ( SDRs) and loans from foreign countries b. Foreign-currency assets, gold holdings of the RBI & SDRs. c. Foreign-currency assets, loans from the World Bank and SDRs. d. Foreign-currency assets, gold holdings of the RBI and loans from the World Bank
MBA,PGDFM Author of Bhavishya Arthik Patrika(for Civil Services), worked in SBI group for 7 years, teaching indian economy to UPSC student