Which of the following is a major component of India's foreign exchange reserves? MCQ with Answer and Explanation

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Which of the following is a major component of India's foreign exchange reserves?

A. Foreign currency assets, gold, SDRs and reserve position in IMF

B. Only domestic currency

C. Only equity shares of foreign companies

D. Only gold

Answer: Option A

Solution (By JKSSB Mock Tests)

India's foreign exchange reserves consist of foreign currency assets, gold, Special Drawing Rights and the reserve tranche position in the IMF.

This question belongs to: Economy GK Economy Set 1

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Correct Answer: Option C

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Correct Answer: Option C

Explanation:
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