Practicing Success
Practicing Success
CUET Preparation Today
| Why there should be sufficient foreign exchange reserves kept within a country? |
To import products like petroleum To comply with mandated requirement of the World Bank To ensure political stability in the country All of the above |
| To import products like petroleum |
| A country maintains a forex reserve balance for many reasons like remaining liquid at the time of crisis, providing confidence to investors, importing products, getting a competitive export price etc. |
