SarkariPYQ

SSC CHSL 2022 PYQ — Question 47

SSC CHSL - 25 May 2022 - Shift 2 • General Awareness • Q47

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The foreign exchange reserves in India crossed the landmark of ___________ in June 2021.

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Correct answer: C

Explanation

The correct answer is option 3 i.e. US$ 600 billion.

  • India's Forex reserves cross record $600 billion-mark, and become 4th largest forex reserves holder globally.
  • The growth in foreign exchange reserves was largely due to an increase in foreign currency assets (FCA). 
  • India’s forex reserves cover Foreign Currency Assets (FCAs), Special Drawing Rights (SDRs), Gold Reserves and the country’s reserve position with the International Monetary Fund (IMF).