Discuss Forum
1. Currency swap facility has been extended by the Government for which international body's members?
- A. G20
- B. G20
- C. G20
- D. G20
Answer: Option B
Explanation:
This is under the scheme where RBI offers the facility of varying sizes not exceeding USD 2 billion in total.
The decision was taken by the Union Cabinet which will provide a two year extension with amendments to the framework on 'Currency Swap Arrangement' for SAARC member countries up to November 14, 2017, and extension thereafter, if necessary, by Finance Minister.
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