Considering the depreciation of Indian Currency (8) in the international market…

Class 12th Economic, Question paper 2023 - Considering the depreciation of Indian Currency (8) in the international market, the Reserve Bank of India (RBI) has decided to purchase Indian currency (R) in the open market." This represents _________ exchange rate system,

By
Rohit Sharma
-

There are the Options for the Question: Considering the depreciation of Indian Currency (8) in the international market, the Reserve Bank of India (RBI) has decided to purchase Indian currency (R) in the open market.” This represents _________ exchange rate system,

(a)fixed

(b) flexible

(c) managed floating

(d)manipulated

 

The correct answer is –  (c) managed floating

RELATED ARTICLESMORE FROM AUTHOR