Exams › IBPS PO › General Awareness

Per Economic Survey 2023-24, India's Forex reserves = $653.7 billion (June 21, 2024). This covers more than _____ months of imports projected for FY25 and >98% of total external debt as of March 2024.

1. 9 months
2. 10 months
3. 11 months
4. 8 months

Correct answer: 10 months

Solution

Economic Survey 2023-24 highlighted that India's foreign exchange reserves of USD 653.7 billion (as of June 21, 2024) are sufficient to cover more than 10 months of projected imports for FY25 and over 98% of total external debt outstanding as of March 2024.

Related IBPS PO General Awareness questions

• The ratio between the nominal and real GDP is called:
• What is India's rank in the IMD World Competitiveness Index 2021?
• When federal funds rates are changed (increased), what is the consequent effect on employment and inflation?
• In October 2023, IMF raised India's 2023 GDP growth forecast to?
• Which is the major determinant of Keynesian consumption function?
• It is a systematic process that businesses use to evaluate potential decisions by comparing costs and benefits. What is this?

⚔️ Practice IBPS PO General Awareness free + battle 1v1 →