InterviewSolution
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Which of the following can be inferred from the passage?1). The foreign exchange reserves are sufficient to finance 10 months of imports.2). There is no target for the currency in India.3). The rupee has experienced a lot of rapid changes since the monetary policy committee meeting in August.4). Both 2 and 3 |
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Answer» The correct answer is option 4, i.e., Both 2 and 3. Both OPTIONS 2 and 3 can be inferred from the following lines mentioned in the passage: Ruling out a target for the CURRENCY, he said,... Mr Patel said the rupee has experienced bouts of volatility SINCE the monetary policy committee meeting in August. Option 1 is incomplete and therefore cannot be said to be correct. The passage says: In real effective term, the rupee fall has been at 5 per cent, the governor said, adding the foreign EXCHANGE reserves of $400.5 billion as of end September, are SUFFICIENT to finance 10 months of imports. Therefore, only option 2 and option 3 are correct. |
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