General Knowledge - Indian Economy - Discussion

Discussion Forum : Indian Economy - Indian Economy (Q.No. 6)
6.

Devaluation of a currency means

reduction in the value of a currency vis-a-vis major internationally traded currencies
permitting the currency to seek its worth in the international market
fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies
fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners
Answer: Option
Explanation:
No answer description is available. Let's discuss.
Discussion:
32 comments Page 2 of 4.

Divyesh patel said:   1 decade ago
When we have to take the money for our country to other country at a time they will evaluate our currency that is create a big problem for our country.

Soumya said:   1 decade ago
How one country devaluate its currency? And does devaluation of currency is an effect of inflation?

Mukul arora said:   1 decade ago
What will be advantage to any country for depreciate its currency value?

Dadu said:   1 decade ago
How many times our currency devaluated?

Srik said:   1 decade ago
Devaluation is different the depreciation/appreciation of currency, so the option is wrong to me.

Amit said:   1 decade ago
In international market for exchange of any goods and services the standard currency is dollar.

So if India want to buy something then he must need dollar and american give them dollar 1 dollar and take 50 rupee because demand of dollar is more than its supply. The rate change is changed continuously because of growth rate.

Priyanka said:   1 decade ago
What is the meaning of B, C, & D option?

Rubina said:   1 decade ago
Can anybody explain me, What is the difference between devaluation, deflation and depreciation?

Sri Ram said:   1 decade ago
Yes of course it is devalued with respect to other currencies particularly dollar or euro or pound.

BHAT said:   1 decade ago
In reality devaluation refers when domestic currency of a country reduces or is been reduced in relation to other currency.


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