Multiple choice

The Reserve Bank of India has extended currency swap arrangement to South Asian Association for Regional Cooperation nations till mid-November 2017. All 7 SAARC members can avail the facility. Under the arrangement, RBI will offer swap arrangement up to an overall amount of ________ both in foreign currency and Indian rupee.

  1. US 1 billion dollars

  2. US 1.5 billion dollars

  3. US 2 billion dollars

  4. US 2.5 billion dollars

  5. US 3 billion dollars
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Correct answer is (3). 

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