SNB releases list, India 61ston foreigners money stored in Swiss Banks

Q.  What is India’s position in terms of foreigners’ money in Swiss banks released by Swiss National Bank (SNB), the central bank of Switzerland, in the fourth week of June 2015?
- Published on 24 Jun 15

a. 7
b. 61
c. 13
d. 19

ANSWER: 61
 
As per the data, India now accounts for a meagre 0.123 per cent of the total global wealth worth 1.6 trillion US dollars in Switzerland's banking system. Indians' money in Swiss banks declined by over 10 percent to about 1.8 billion Swiss francs (1.98 billion US dollars or 12615 crore rupees) in 2014.

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