Foreign Exchange Reserves
Foreign Exchange Reserves is a Economy concept from the MPSC syllabus, tested in 2 past MPSC questions (2015, 2016). Below are those real questions with their correct answers and explanations.
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Real questions that test this
भारतीय रिझर्व्ह बँकेच्या चलन निर्मिती विभागास कायमस्वरूपी किमान किती रुपयाचा सुवर्णसाठा ठेवणे आवश्यक आहे ?
Under the Minimum Reserve System (MRS) introduced in 1957, the Reserve Bank of India is required to maintain a minimum gold and foreign exchange reserves of Rs. 200 crores, out of which gold must be worth at least Rs. 115 crores.
1991 च्या आर्थिक अरिष्टाची कोणती लक्षणे होती ? Economic crisis of 1991 was characterised by
(a)परकीय चलन गंगाजळीत घट / Reduced foreign exchange reserves
(b)भारतीय विदेशी कर्जास आंतरराष्ट्रीय धनकॉकडून फेरमंजूरी / Rolling over of Indian foreign debt by international creditors
(c)राजकोषीय तुटीतील वाढ / Increase in fiscal deficit
(d)साठ्यातून सुवर्णविक्री / Sale of gold from reserves
The 1991 economic crisis was triggered by severely depleted foreign exchange reserves, high fiscal deficit, and emergency measures like selling gold reserves. Rolling over of foreign debt by international creditors was a containment measure or part of the IMF negotiation context rather than a direct structural symptom of the crisis itself in standard textbook phrasing, or specifically points to a, c, and d.