CBSE Class 12 Economics Exam, Question: In 1991, _____ was the immediate impact of the devaluation of Indian Rupee.
(Fill up the blank with correct alternative)
(a) Increase in inflow of foreign exchange
(b) Decrease in inflow of foreign exchange
(c) Increase in outflow of foreign exchange
(d) Fall in foreign exchange reserve
The correct answer is (a) Increase in inflow of foreign exchange.
In 1991, an increase in the inflow of foreign exchange was the immediate impact of the devaluation of the Indian Rupee.
