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

  • question_answer
    During the economic crisis of 1990s, India opted for which of the following foreign exchange measure?

    A) Devaluation of Currency

    B) Moving towards market-based determination of exchange rate

    C) Both [a] and [b]

    D) None of the above

    Correct Answer: C

    Solution :

    As a part of new economic reform, India opted for above mentioned policies in the foreign exchange market to improve its condition.


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