What is currency and gold revaluation reserve (cgra) upsc?
Answers
The currency and gold revaluation reserve account (CGRA) is the uncounted gain/loss of the value of gold and foreign exchange RBI holds. It is based accordingly on the fluctuation of their value, which is not accounted as income but considered as a balance-sheet item by the Reserve Bank of India.
(upsc )The Union Public Service Commission is India's premier central recruiting agency. It is responsible for appointments to and examinations for All India services and group A & group B of Central services. While Department of Personnel and Training is the central personnel agency in India
currency and gold revaluation is a calculated upward adjustment to a country's official exchange rate relative to a chosen baseline. ... In a fixed exchange rate regime, only a decision by a country's government, such as its central bank, can alter the official value of the currency.