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Question
2) Consider the following statements regarding Currency and Gold Revaluation Account (CGRA). 1. Currency and Gold Revaluation Account comprises unrealised gains or losses on foreign currency assets and gold due to fluctuations in exchange rate and prices of gold. 2. The CGRA can be used to compensate RBI’s loss in the value of gold and foreign exchange reserve holdings. 3. Bimal Jalan committee recommended RBI to transfer the funds in the CGRA to the Central Government. Which of the above statements is/are correct? a) 1, 2 b) 1, 3 c) 2, 3 d) 1, 2, 3
Answer
[default - edit me]

Question
2) Consider the following statements regarding Currency and Gold Revaluation Account (CGRA). 1. Currency and Gold Revaluation Account comprises unrealised gains or losses on foreign currency assets and gold due to fluctuations in exchange rate and prices of gold. 2. The CGRA can be used to compensate RBI’s loss in the value of gold and foreign exchange reserve holdings. 3. Bimal Jalan committee recommended RBI to transfer the funds in the CGRA to the Central Government. Which of the above statements is/are correct? a) 1, 2 b) 1, 3 c) 2, 3 d) 1, 2, 3
Answer
?

Question
2) Consider the following statements regarding Currency and Gold Revaluation Account (CGRA). 1. Currency and Gold Revaluation Account comprises unrealised gains or losses on foreign currency assets and gold due to fluctuations in exchange rate and prices of gold. 2. The CGRA can be used to compensate RBI’s loss in the value of gold and foreign exchange reserve holdings. 3. Bimal Jalan committee recommended RBI to transfer the funds in the CGRA to the Central Government. Which of the above statements is/are correct? a) 1, 2 b) 1, 3 c) 2, 3 d) 1, 2, 3
Answer
[default - edit me]
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pdf

owner: JC123 - (no access) - Insights-April-2020-Current-Affairs-Quiz-Compilation-1.pdf, p3

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