UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Money Supply and Indian Financial System

  • question_answer
          Which among the following is a correct definition of currency drain?

    A) A currency drain is an export of the domestic currency

    B) A currency drain is an increase in currency held outside the banks.

    C) A currency drain is the currency holding by a parallel economy

    D) None of these

    Correct Answer: B


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