71st BPSC Prelims (2025), question 44

📈 Economy

  1. India's foreign exchange reserves: increased to ~$640bn (end Dec 2024); are seventh largest in world; decreased due to a BoP deficit of ~$24bn in 2024.

    1. Increased to ~$640bn (end Dec 2024)
    2. Are seventh largest in the world
    3. Decreased due to BoP deficit of ~$24bn in 2024
    4. More than one of the above
    Show answer

    Answer: D — More than one of the above

    All three statements about India's forex reserves — the ~$640bn level, its world rank, and the BoP-deficit-driven dip — are correct.

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