MCQ

RBI Forex Swap and FCNR(B) MCQ - Practice Questions with Answers

Solve 1 RBI Forex Swap and FCNR(B) questions for RAS/RPSC preparation.

Practice questions

Q1Consider the following statements regarding the RBI's special USD-INR forex swap facility (2026): 1. By 21 August 2026, banks had raised a total of 73 billion US dollars under the facility. 2. The FCNR(B) window will remain open until 30 September 2026 as originally scheduled. Which of the statements given above is/are correct?

A 1 only

B 2 only

C Both 1 and 2

D Neither 1 nor 2

Explanation

Statement 1 is correct: by 21 August 2026 total inflows stood at 73 billion US dollars. Statement 2 is incorrect: owing to strong response the RBI decided to close the FCNR(B) window on 31 August 2026 instead of 30 September. Hence only statement 1 is correct.

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RBI Forex Swap and FCNR(B) MCQ - Practice Questions with Answers

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