2. Questions Bank
  3. 12th Class
  4. Economics
  5. Foreign Exchange Rate

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

  • question_answer
    Increase in the value of domestic commodities in terms of foreign currency is known as

    A) Revaluation

    B) Devaluation

    C) Appreciation

    D) Either [a] or [c]

    Correct Answer: D

    Solution :

    When the value of domestic commodity increases, it indicates increase in the value of domestic currency. This situation could either be appreciation or revaluation depending upon the type of exchange rate.


You need to login to perform this action.
You will be redirected in 3 sec spinner