MCQ
FCNR(B) Inflows MCQ - Practice Questions with Answers
Solve 1 FCNR(B) Inflows questions for RAS/RPSC preparation.
Practice questions
Q1Consider the following statements about foreign-exchange mobilisation under the 2026 RBI USD-INR swap window: 1. The RBI's 2013 FCNR(B) swap scheme raised about 73 billion US dollars in nearly three months. 2. Of the total raised by 21 August 2026, FCNR(B) deposits alone accounted for 65.40 billion US dollars. Which of the statements given above is/are correct?
Explanation
Statement 1 is incorrect: the 2013 FCNR(B) swap scheme raised about 26 billion US dollars in nearly three months, not 73 billion. Statement 2 is correct: FCNR(B) deposits alone brought in 65.40 billion US dollars by 21 August 2026. Hence only statement 2 is correct.
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