The Reserve Tranche Position in India's forex reserves refers to: MCQ with Answer and Explanation

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The Reserve Tranche Position in India's forex reserves refers to:

A. India's quota subscription to IMF paid in foreign currency that can be drawn without conditions

B. SDR holdings

C. foreign currency assets held abroad

D. gold held by RBI

Answer: Option A

Solution (By JKSSB Mock Tests)

The Reserve Tranche Position is India's IMF quota subscription held in foreign currency.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on lottery, betting and gambling is part of the:

A. 12% slab

B. 5% slab

C. 18% slab

D. 28% slab plus cess

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Correct Answer: Option D

Explanation:
Lottery, betting and gambling are in the 28% slab.

This question belongs to: Economy GK Economy Set 1

Question #2

A Gini coefficient value close to one indicates:

A. high growth

B. perfect inequality

C. perfect equality

D. low inflation

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Correct Answer: Option B

Explanation:
A Gini coefficient close to one indicates perfect inequality.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Balance of Payments' current account includes which of the following?

A. Foreign direct investment

B. External commercial borrowing

C. Net income from abroad

D. Portfolio investment

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Correct Answer: Option C

Explanation:
Net income from abroad is part of the current account.

This question belongs to: Economy GK Economy Set 1

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