i. India
ii. Japan
iii. China
iv. Switzerland
Choose the correct order:
Understanding Foreign Exchange Reserves Ranking
The question asks us to arrange four specific countries – India, Japan, China, and Switzerland – based on their Foreign Exchange Reserves. The arrangement needs to be in decreasing order, meaning from the largest amount of reserves to the smallest, specifically for October 2024. We need to identify the correct sequence from the given options.
Analyzing Country Foreign Exchange Reserves
To determine the correct order, we need reliable data on the Foreign Exchange Reserves for these countries around October 2024. While exact figures for October 2024 might fluctuate, the general ranking among major economies tends to be relatively stable. Based on recent available data (late 2023 to early 2024), the approximate positions are:
- China (iii): Consistently holds the largest amount of foreign exchange reserves globally, often exceeding USD 3 trillion.
- Japan (ii): Typically holds the second-highest reserves, usually around USD 1.3 trillion.
- Switzerland (iv): Holds substantial reserves, often ranking among the top countries, with amounts generally in the range of USD 800-900 billion.
- India (i): Possesses significant reserves but generally ranks lower than the top three, often around USD 600-700 billion.
Therefore, the decreasing order based on these estimates is:
- China (iii)
- Japan (ii)
- Switzerland (iv)
- India (i)
Determining the Correct Sequence
Matching the established decreasing order (China, Japan, Switzerland, India) with the provided indices (iii, ii, iv, i), we find the correct sequence is iii, ii, iv, i.
Evaluating the Options
Let's compare this correct sequence with the given options:
- Option 1: i, ii, iv, iii (India, Japan, Switzerland, China) - Incorrect.
- Option 2: iv, i, iii, ii (Switzerland, India, China, Japan) - Incorrect.
- Option 3: iii, ii, iv, i (China, Japan, Switzerland, India) - Correct.
- Option 4: iii, iv, ii, i (China, Switzerland, Japan, India) - Incorrect.
The analysis confirms that option 3 represents the correct arrangement of countries in decreasing order of their Foreign Exchange Reserves.
Important Questions from Economic development
- Arrange the following sources of revenue for the Government of India mentioned in the Union Budget of 2024-25 in descending order:
i. Goods & Service Tax & other taxes
ii. Borrowing and Other Liabilities
iii. Corporation tax
iv. Income Tax
Choose the correct answer: - The FRBM (Fiscal Responsibility and Budget Management) framework mandates the Central Government to limit the Central Government Debt and the General Government Debt by $31^{st}$ March 2025. What are the limits of the Central Government Debt and the General Government Debt, respectively?
- Consider the following statements regarding National Electronic Fund Transfer (NEFT) and Real-Time Gross Settlement (RTGS):
1. In National Electronic Fund Transfer (NEFT), the transaction happens in batches and hence it is slow
2. In Real-Time Gross Settlement(RTGS), transactions happen in real time and hence being fast
3. There is no minimum limit in RTGS
4. There is a Rs 2 Lakh minimum limit for NEFT
How many of the above Statement/s is/are correct? - Consider the following statements regarding the "Monetary Policy Committee".
i. The RBI Governor has to vote both in the first instance and in case of a tie.
ii. The monetary policy committee has to meet three times a year.
Choose the correct answer: - "Quotas are the building blocks of the IMF's financial and governance structure. An individual member country's quota broadly reflects its relative position in the world economy". In the above context, which of the following parameters are used to calculate quota?
i. GDP of the country
ii. Degree of Openness
iii. Demographic dividend
iv. Economic variability
v. International Reserves
Choose the correct answer based on the code given below:
