Civil Services UPSC EPFO (EO/AO) Mock Test 2023 General Knowledge Economy External Sector and Currency Exchange rate
Consider the following statements regarding the India's foreign exchange (forex) reserve:
1. India's forex reserves do not include gold reserves.
2. Forex reserves increase only when there is a current account surplus.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2