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12th Class Economics Foreign Exchange Rate Question Bank Case Based MCQs - Foreign Exchange Rate

  • question_answer
    The above case depicts the example of which of the following types of exchange rate system in India?

    A) Fixed Exchange rate

    B) Floating Exchange rate

    C) Managed Floating Exchange rate

    D) Both [a] & [c]

    Correct Answer: C

    Solution :

    When central bank and government intervenes in the foreign exchange market to check the fluctuations in the price of foreign exchange, it is known as managed floating exchange rate system.


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