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

  • question_answer
    The rupee was delinked from Pound sterling in 1975 because

    A) The Bretton Woods system brokedown

    B) UK's share was declining in India's trade

    C) Both [a] and [b]

    D) None of the above

    Correct Answer: C

    Solution :

    It was due to the collapse of Bretton woods system and decline in the trade with Britain, India opted out of Pound sterling to fix its currency.


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