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Devaluation of a currency means

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Devaluation of a currency means A. fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners B. fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies C. permitting the currency to seek its worth in the international market D. reduction in the value of a currency vis-a-vis major internationally traded currencies Check Answer Complaint Here As Incorrect Question / Answer

Related Questions 'Devaluation' means A. converting rupee into gold B. lowering of the value of one currency in comparison of some foreign currency C. making rupee dearer in comparison to some foreign currency D. None of the above Check Answer Complaint Here As Incorrect Question / Answer Devaluation of currency will be more beneficial if A. prices of imports remains constant B. prices of exports rise proportionately C. prices of exports remain constant D. prices of domestic goods remain constant Check Answer Complaint Here As Incorrect Question / Answer Devaluation of currency leads to A. erratic fluctuations in domestic prices B. no impact on domestic prices C. increase in domestic prices D. fall in domestic prices Check Answer Complaint Here As Incorrect Question / Answer Devaluation of currency helps to promote A. exports B. imports at lower cost C. savings D. national income Check Answer Complaint Here As Incorrect Question / Answer Which statement is true about Universal Banking System Concept? 1. Universal banking means a mix of commercial banking and investment banking in India and abroad 2. Universal banking means providing opportunity to bank with any bank in the world at any amount 3. Universal banking means only one or two major banks in the country providing all sorts of services to their clients. A. Only 1 B. Only 2 C. Only 3 D. Only 1 & 2 E. None of these Check Answer Complaint Here As Incorrect Question / Answer

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