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Question of The Day21-01-2020

What is the rank of Reserve Bank of India in terms of gold reserves as per the World Gold Outlook 2020 report?

Answer

Correct Answer : d ) 6^th

Explanation :

World Gold Outlook 2020 report was recently released by the World Gold Council. The report says that in 2019, gold performed best since 2010. As per the report, RBI had 625.2 tonnes of gold. It is equal to 6.6 % of total foreign exchange reserves as gold. Central banks of China, Russia, Kazakhstan,Turkey and Poland are top 5 central banks buying gold.

World Gold Council works to develop market for gold industries. It was formed in 1987. It is headquartered in London. The rank of Reserve Bank of India in terms of gold reserves as per World Gold Outlook 2020 report is 6^th.
Hence, option (d) is correct.

Such type of question is asked in various government exams like UPSC CSE, State PCS, SSC CGL, SSC CHSL, etc.

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