Multiple choice

How many tonnes of gold has Reserve Bank of India has bought from the International Monetary Fund (IMF)?

  1. 100 tonnes

  2. 150 tonnes

  3. 200 tonnes

  4. 250 tonnes

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Reserve Bank of India purchased 200 tonnes of gold from the International Monetary Fund in 2009. This was part of India's strategy to diversify its foreign exchange reserves away from US dollar-dominated assets and increase its gold holdings.