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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.