Question : Which of the following is not a major international reserve currency?
Option 1: US dollar
Option 2: Euro
Option 3: Japanese yen
Option 4: Indian rupee
Correct Answer: Indian rupee
Solution : The correct answer is d) Indian rupee
The Indian rupee is not considered a major international reserve currency. The major international reserve currencies are typically those widely held by central banks and used in significant global transactions. As of my knowledge cutoff in September 2021, the major international reserve currencies are the US dollar (a), the euro (b), the Japanese yen (c), and the British pound sterling.
While the Indian rupee is an important currency within India and used for domestic transactions, it is not as widely held or used in international trade and finance compared to the major reserve currencies. However, please note that currency dynamics and reserve currency status can evolve over time, so it is always important to stay updated with the latest developments.
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