Question: What is India’s rank in terms of World’s largest foreign exchange reserve country?
(a) Fourth
(b) Fifth
(c) Third
(d) Sixth
Answer: (a)
Related facts:
- In March 2021, India surpassed Russia, becoming the world’s fourth-largest foreign exchange reserve country.
- The foreign currency holdings of India stood at $580.3 billion as of March 5, as per the data by the Reserve Bank of India (RBI).
- Russia had a foreign exchange reserve of $580.1 billion.
- Overall, China has the largest reserves, Japan being second and Switzerland on third, as on the International Monetary Fund table.
By-Amar Mani Upadhyay