Below mentioned are four countries having largest Foreign Exchange Reserves in the world in October 2024. Arrange these countries in decreasing order of their Foreign Exchange Reserves:

i. India

ii. Japan

iii. China

iv. Switzerland

Choose the correct order:

As of October 2024, the world’s largest holders of foreign exchange reserves followed a clear hierarchy. China remained the undisputed leader with over $3.2 trillion in reserves, while India made headlines by crossing the $700 billion milestone for the first time, solidifying its position as the 4th largest holder globally. Decreasing Order of Reserves (October 2024)China (iii): Holds the world's largest reserves, primarily as a buffer for its export-oriented economy and to manage the Yuan. Switzerland (iv): Known for its massive reserves relative to its size, maintained by the Swiss National Bank to intervene in currency markets. Japan (ii): Consistently holds the second or third spot (often fluctuating with Switzerland) to maintain the stability of the Yen. India (i): Reached a historic peak in October 2024, surpassing the $700 billion mark and becoming the 4th country in the world to reach that level.  Understanding Forex Components Foreign Exchange Reserves (Forex) aren't just stacks of cash; they are composed of several vital financial assets: Foreign Currency Assets (FCA): The largest component (USD, Euro, Yen, etc.).Gold Reserves: Physical gold held by the central bank. Special Drawing Rights (SDRs): An international reserve asset created by the IMF. Reserve Position in the IMF: The portion of the quota that a country can draw from the IMF. Global Rankings Overview Rank Country Approx. Reserves (Oct 2024)1China~$3,260 Billion2Switzerland~$900+ Billion3Japan~$800+ Billion4India~$701 Billion