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question_answer1) Assertion [A] Demand for foreign exchange and exchange rate moves in the same direction. Reason [R] When exchange rate rises domestic goods becomes cheaper in international market.
question_answer2) Assertion [A] Make in India campaign initiated by the government leads to rise in foreign exchange rate. Reason [R] Inflow of foreign exchange improves the trade deficit of the country.
question_answer3) Assertion [A] Fixed exchange rate system is more stable as compared to floating exchange rate. Reason [R] Free play of demand and supply of foreign exchange brings ambiguity in the system.
question_answer4) Assertion [A] Manage floating exchange rate system is a hybrid system of exchange rate used by the most of the countries in recent time. Reason [R] Excessive fluctuation in exchange rate system is checked by the central authority under dirty floating exchange rate.
question_answer5) Assertion [A] Forward market refers to a market in which transactions are settled on a future date at a rate agreed upon today. Reason [R] Such transactions are entered into to gain by the changes in foreign exchange rate.
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