Question

Which one of the following is the correct sequence of the countries having foreign Exchange Reserve from high to low?

• A. China - Russia - India - France
• B. China - France - India - Russia
• C. France - China - Russia - India
• D. France - China - India - Russia

Hint:

China was the world's largest reserve holder by a huge margin at the time; France's national reserves were the smallest of the four.

Answer 1

The Correct Option is A

This question is about ranking four countries by the size of their foreign exchange reserves at the time of the exam.

1. China - Russia - India - France: Matches the actual ranking of the period, China's reserves were the largest by a wide margin, built up through sustained trade surpluses, followed by Russia's energy-export-driven reserves, then India's developing-economy reserves, and finally France's comparatively modest national reserves.
2. China - France - India - Russia: Wrongly places France ahead of Russia and India, when France's national reserves were in fact the smallest of the four.
3. France - China - Russia - India: Wrongly places France at the top, when France actually held the least reserves among these four countries.
4. France - China - India - Russia: Again wrongly starts with France and also swaps India and Russia's positions.

Since China led by far, followed by Russia, then India, then France, the correct sequence is China - Russia - India - France.