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BPSC Prelims 2025 General 📅 13 Sep, 2025

India's foreign exchange reserves:

A
Increased to around USD 640 billion as of the end of December 2024
B
Are seventh largest in the world
C
Decreased caused by a BoP deficit of around USD 24 billion in 2024
D
More than one of the above
Result Summary
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APEDIA

BPSC Prelims
2025 • 13 Sep, 2025 • General
India's foreign exchange reserves:
Correct Answer
Increased to around USD 640 billion as of the end of December 2024
Status: India's forex reserves have been robust. Data: Crossing the $640 billion mark is consistent with late 2024 trends (hitting highs). Ranking: India typi......
💡 Analysis & Explanation
Status
India's forex reserves have been robust.
Data
Crossing the $640 billion mark is consistent with late 2024 trends (hitting highs).
Ranking
India typically ranks 4th or 5th (after China, Japan, Switzerland, and sometimes Russia), not 7th.
BoP
India generally maintains a Balance of Payments surplus due to capital inflows, despite current account deficits.