General Knowledge - Indian Economy - Discussion

Discussion :: Indian Economy - Indian Economy (Q.No.13)


The association of the rupee with pound sterling as the intervention currency was broken in

[A]. 1990
[B]. 1991
[C]. 1992
[D]. 1993

Answer: Option C


No answer description available for this question.

Raji said: (Jan 4, 2011)  
Can anybody throw some light on this topic please?

Richard said: (Jul 30, 2011)  
Please do give sum explanation on this.

Udit Bansal said: (Nov 11, 2011)  
I don't understand it please tell me in brief.

Ravi said: (Nov 12, 2011)  
Please do give some example on this.

Sourav Datta said: (Feb 15, 2012)  
Hi, I can not understand the fact properly. Can anybody please tell me ?

Vaidehi said: (Mar 28, 2012)  
Please Explain it as early as possible

Hudaibiyah Khan said: (Mar 28, 2012)  
Currency intervention is the purchase or the sale of the currency on the exchange market by the fiscal authority or the monetary authority, in order to influence the value of the domestic currency.

Laxman said: (May 9, 2012)  
What type of influence it had on domestic currency and why it was introduced and why it was broken?

Priyanshu said: (May 31, 2012)  
Authority used to intervene exchange market in-order to control market uncertinity.

Sumitk said: (Sep 7, 2012)  
Please explian it what is pound sterling.

Vinod Mehta said: (Nov 15, 2012)  
Pound sterling is the currency of great briten(U.K.)

Ravi Sharma said: (May 29, 2013)  
Its same as the pound.

Its the official currency of the United Kingdom.

Meena said: (Jun 21, 2013)  
Central bank intervention in the operations on the currency market in order to raise or lower the rate of the national currency by selling/buying foreign currency. A reduced rate of the national currency can be achieved through the purchase of foreign currency; increased rate is achieved through foreign currency sales.

Sangeeta Yadavanshi said: (May 4, 2014)  
Currency was broken mean?

Tony Tuned said: (Jul 20, 2014)  
Means thereafter it started getting counted against Dollar.

Mahendra said: (Dec 17, 2016)  
Please give more details about it.

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