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 4 of 4.

Minakshi said: 9 years ago

IMF is international monetary fund that means all international trading is done by that currency. Ex, dollar.

Suraj padhi said: 8 years ago

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

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