Q: Which of the following statements is/are correct? 1. Most of India's reserves is held in the form of foreign currency. 2. There is no cost of holding foreign currency as reserves by a nation. Select the correct answer using the code given below.
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2
Correct Answer: (a)
The correct answer is (a) '1 only'. Among the 2 statements given, this option correctly identifies which statements are accurate regarding International Organisations & Groupings (Current Affairs).