Which of the following countries has been removed from the 'Currency M

1.	Which of the following countries has been removed from the 'Currency Monitoring List' of major trading partners by the US Treasury Department in 2019?1. South Korea2. India3. Japan4. China
Answer» Correct Answer - Option 2 : India The correct answer is India. India has been removed from the 'Currency Monitoring List' of major trading partners by the US Treasury Department in 2019. Switzerland was the other nation that was removed by the US from its currency monitoring list. India was removed because it met only one out of three criteria in a significant bilateral surplus with the US for two consecutive reports. After purchasing foreign exchange on the net in 2017, the central bank steadily sold reserves for most of 2018, with net sales of foreign exchange reaching 1.7 percent of GDP over the year. India maintained ample reserves according to the IMF metrics for reserve adequacy. Neither Switzerland nor India met the criteria for having engaged in persistent, one-sided intervention in either the October 2018 report

Which of the following countries has been removed from the 'Currency Monitoring List' of major trading partners by the US Treasury Department in 2019?1. South Korea2. India3. Japan4. China

Answer» Correct Answer - Option 2 : India

The correct answer is India.

India has been removed from the 'Currency Monitoring List' of major trading partners by the US Treasury Department in 2019.

Switzerland was the other nation that was removed by the US from its currency monitoring list.
India was removed because it met only one out of three criteria in a significant bilateral surplus with the US for two consecutive reports.
After purchasing foreign exchange on the net in 2017, the central bank steadily sold reserves for most of 2018, with net sales of foreign exchange reaching 1.7 percent of GDP over the year.
- India maintained ample reserves according to the IMF metrics for reserve adequacy.
- Neither Switzerland nor India met the criteria for having engaged in persistent, one-sided intervention in either the October 2018 report