Q. In India, the Foreign Exchange Reserves are kept in the custody of which among the following?
Answer: Reserve Bank of India
Notes: The correct answer is the Reserve Bank of India (RBI). The RBI manages India's foreign exchange reserves, which are crucial for stabilizing the currency and facilitating international trade. As of October 2023, India holds one of the largest foreign exchange reserves globally, often exceeding $600 billion. The reserves include foreign currencies, gold, and Special Drawing Rights (SDRs) from the International Monetary Fund (IMF).