Home PYQs UPPSC UPPSC MCQs Prelims 2012 (GS Paper I)

Question

Who maintains the foreign exchange reserve in India?

  1. Reserve Bank of India
  2. State Bank of India
  3. Ministry of Finance, Government of India
  4. Export-Import Bank of India

Answer:

Option A: Reserve Bank of India

Detailed Solution:

The correct answer is “Reserve Bank of India”.

The Reserve Bank of India (RBI) manages India's foreign exchange reserves for the Indian government.