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- Question 1 of 5
1. Question
Consider the following statements about ‘Forex Reserve of India’
1. The forex reserve of an economy is its foreign currency assets added with its gold reserves, SDRs and Reserve Tranche in the IMF
2. It is managed by government of India.
Which of the above statement(s) is/are correct?Correct• Forex reserve is a reserve of foreign currency, gold, SDR’s and Reserve Tranche in IMF. It is managed by Reserve bank of India (RBI).
Incorrect• Forex reserve is a reserve of foreign currency, gold, SDR’s and Reserve Tranche in IMF. It is managed by Reserve bank of India (RBI).
- Question 2 of 5
2. Question
The appropriate term for the currency that is easily available in any economy in its forex market is
Correct• The term used in the foreign exchange market which denotes the currency that is easily available in any economy in its forex market.
Incorrect• The term used in the foreign exchange market which denotes the currency that is easily available in any economy in its forex market.
- Question 3 of 5
3. Question
Consider the following statement about ‘Special economic zones’
1. SEZ’s are established under SEZ Act, 2005
2. Main aim of establishing SEZ’s is to develop ‘export hubs’ in the country.
Which of the following above statements is not correct?Correct• As both the statements are correct.
Incorrect• As both the statements are correct.
- Question 4 of 5
4. Question
India has free trade agreements with which of the following Group/countries.
1. BIMSTEC
2. CANADA
3. ASEAN
4. New Zealand
Choose the correct answer using code below.Correct• India have FTA’s with Canada, New Zealand, BIMSTEC and ASEAN.
Incorrect• India have FTA’s with Canada, New Zealand, BIMSTEC and ASEAN.
- Question 5 of 5
5. Question
‘S.S. Tarapore’ Committee is related to which of the following
Correct• S.S. Tarapore Committee (1997) gave recommendations on Capital account convertibility.
Incorrect• S.S. Tarapore Committee (1997) gave recommendations on Capital account convertibility.