General Knowledge - Indian Economy - Discussion

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

Indian Economy

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 3 of 4.

Nityasundar Manik said: 1 decade ago

When the market value of a currency is reduced ,it is called as devaluation of currency .

Preeti said: 1 decade ago

Devaluation of a currency means that the market value of that currency has reduced.

DEVI SARAN said: 1 decade ago

Friends there is a huge difference between devaluation, depreciation and deflation.

(1)

Suraj padhi said: 8 years ago

Decrease the value currency means the market value of currency has Decrease.

Marina said: 1 decade ago

Devaluation means loss of value of currency as compared to another country.

Vishal moudgill said: 1 decade ago

In what cicumstances devaluation can be regarded a right measure adopted?

Mukul arora said: 1 decade ago

What will be advantage to any country for depreciate its currency value?

Priyanka said: 1 decade ago

What is the meaning of B, C, & D option?

Dadu said: 1 decade ago

How many times our currency devaluated?

Ishu said: 1 decade ago

Sometimes inflation is also caused.

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