Q.
1

Statement (I): International liquidity encompasses the international reserves only.

Statement (II): International liquidity covers only official holdings of gold, foreign exchange, SDRs and reserve position in the IMF available for the settlement of the international transactions.

Code:

 

  • A

    Both the statements are correct

     

  • B

    Both the statements are incorrect

     

  • C

    Statement (I) is correct while Statement (II) is incorrect

     

  • D

    Statement (I) is incorrect while Statement (II) is correct