Question : Which of the following does not form a part of the foreign exchange reserve of India?
Option 1: Gold
Option 2: SDRs
Option 3: Foreign currency assests
Option 4: Foreign currency and securities held by the banks and corporate bodies
Correct Answer: Foreign currency and securities held by the banks and corporate bodies
Solution : Correct Answer is Foreign currency and securities held by the banks and corporate bodies
A central bank's holdings in foreign currencies are known as foreign exchange reserves. These reserves are employed to support obligations and affect monetary policy. Foreign currency assets, the RBI's gold holdings, and Special Drawing Rights (SDR) are the items that make up India's foreign exchange reserves. India's foreign exchange reserves do not include any foreign currency or securities that banks or other corporate entities hold.
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