This represents the portion of the quota that a member country can access unconditionally from the IMF.Options A (Foreign currency assets), B (Gold reserves), and C (Special Drawing Rights) are all standard components of India's foreign exchange reserves. Since all the listed options are components, the correct answer is that none of the above is not a component. 26. Which of the following is/are component(s) of Foreign exchange reserves of India? 1. Foreign Currency Assets 2. Monetary Gold 3. Reserve Tranche Position 4. Special Drawing Rights - Components of India's forex reserves: Foreign Currency Assets, Gold, SDRs, and Reserve Tranche Position in IMF. - Managed by the Reserve Bank of India (RBI).
Reserve Tranche Position (RTP) with the IMF:
Asked in GPSC Prelims CSP 2 2022 · Topic: Foreign Exchange Market and Exchange Rate Determination (India's Exchange Rate Policy and Management of Foreign Exchange Reserves)
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Answer: A. 1, 2, 3 and 4
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More External Sector of Economy questions
- In which year Foreign Exchange Management Act (FEMA) came into existence ?
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- India's foreign exchange reserves have continuously increased since 2000-01 because of
- The legal provisions governing the management of foreign exchange reserves are laid down in the Reserve Bank of India Act—
- What is FEMA?
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