Mentor’s comment-
- https://indianexpress.com/
article/opinion/columns/forex- reserves-rising-indin-economy- gdp-covid-19-impact-6484029/ - In the intro, briefly explain what foreign exchange reserve is.
- In the body, as the utility of the foreign exchange reserves you can mention the purposes of maintaining them- Like import cover, stabilising rupee, to foster the confidence of investors etc. On maintaining the optimum level, you can mention the issue of lost opportunity if this excess funds remain unused.
- Conclude by stating the need of arriving at the optimum level of reserves.
Comments
17 responses to “India’s foreign exchange reserves touched new height recently. This also gives rise to the argument of lost opportunity. In light of this discuss the utility of maintaining foreign exchange reserves and issue of optimum level of foreign exchange reserves.10 marks”
#0000223024
Hi Taran
Rewwrite your introduction, Forex reserves are external assets in the form of gold, SDRs and foreign currency assets accumulated by India and controlled by the Reserve Bank of India.
Give some reasons for the rise in forex reserves like rise in investment in foreign portfolio investors , fall in crude oil prices etc.
You have explained the utility in a good manner.
Work on sentence formation, avoid grammatical errors.
Do not use short forms like govt etc.
Follow a proper structure.
Explain why optimum forex reserve is important for India.
Work on presentation, improve your handwriting, avoid spelling mistakes.
Keep writing,you will improve.
Order no. #0000233081
Hi Dakshina
Give proper definition of forex reserve.
You have explained the utility in a good manner.
After this, give a proper subheading to clear what you are writing about.
Briefly explain the causes of the rise in forex reserves like rise in investment in foreign portfolio investors , fall in crude oil prices etc.
Work on space management.
The question is not asking what should be the optimum level, instead it is asking what is the need maintaining optimum level of forex reserve.
Brainstorm before writing.
Work on presentation of your answer to get better marks.
Keep writing !
Payment ID: #0000230867
Hi Deepika
Good introduction.
Thumbs up for the structure.
Write about the fundamental use of India’s foreign exchange-to ensure the rupee stability.
The content is good and well placed.
Your answer covers the issues in a comprehensive way, keep it up.
Overall a good attempt.
You have the potential of writing good answers,join our Mains Guidance Program for quality enrichment of your answers.
Keep writing, you will succeed.
How to post image in comments?
Hi Krishna
You can upload your scanned answer sheets with the attachment link given at the right side of the comment box.
MOJO0206200D40884686
Hi NJ
Introduction should be short ,briefly explain what foreign exchange reserve is.
Before writing about the lost opportunity, write the causes of rise, significance of forex reserve.
Follow a proper structure.
Read mentor’s comment before writing.
Rest of the content is good.
Good conclusion.
Overall a decent attempt.
Scan in proper light .
Keep writing,you will succeed.
MOJO0204R00N55952566
Hi Chester
Lackluster introduction,define what forex reserve is.
Before writing about the utility, write the causes of rise, significance of forex reserve.
Follow a proper structure.
Do not deviate from the demand of the question.
Read mentor’s comment before writing, it will help you in writing good answers.
Rephrase your introduction, do not ask questions in the conclusion.
Avoid spelling mistakes.
Work on content.
Keep writing, you will improve.
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Hi Vishesh
Lackluster introduction,define what forex reserve is.
Before writing about the utility, write the causes of rise, significance of forex reserve.
Follow a proper structure.
How fall in remittances will increase the forex reserve of India ?
You have explained the issues in a good manner.
Work on diversification of the content.
Improve your handwriting .
Do not draw a line between the paragraphs.
Improve your presentation to fetch better marks.
Keep writing,you will improve.
Check sir
Hi Rahul
Try to complete your answer in maximum two pages.
In the introduction, explain what is forex reserve.
Scan your answer sheets properly.
After writing the utility, mention the issue of lost opportunity if this excess funds remain unused.
Lackluster conclusion, conclude by stating the need of arriving at the optimum level of reserves.
Improve your handwriting and work on content.
Work hard,you will improve.
Check sir please