If the value of the Indian rupee weakens due to administrative action, it is called _______ of the rupee.
Answer
Correct Answer : b ) Devaluation
Explanation :Recently, Indian rupee has depreciated to an all time low of 77.44 against the US dollar i.e. 1 USD is now equal to Rs. 77.44. Depreciation of Indian rupee implies that rupee has less value with respect to the dollar.
When the value of Indian rupee weakens due to administrative action, it is called devaluation of rupee while, when the value of Indian rupee weakens due to floating exchange rate, it is called depreciation of rupee. However, the impact of both depreciation and devaluation of Indian rupee is same.
Hence, option (B) is correct.
Share QOTD
Popular Blog
Paris Olympics 2024: Brief History of Olympics, Winners at Paris Olympics, Related Facts
Read More
Highlights of Union Budget 2024-25
Read More
Highlights of Interim Budget 2024
Read More
150+ Paryayvachi Shabd in Hindi - पर्यायवाची शब्द
Read MoreLatest Current Affairs
Daily Current Affairs and GK | 12 December 2024
Read More
Daily Current Affairs and GK | 11 December 2024
Read More
Daily Current Affairs and GK | 10 December 2024
Read More
Daily Current Affairs and GK | 8 and 9 December 2024
Read More
Daily Current Affairs and GK | 7 December 2024
Read MoreLatest Banking Awareness
Banking Awareness of 8, 9 and 10 December 2024
Read More
Banking Awareness of 6 and 7 December 2024
Read More
Banking Awareness of 3, 4 and 5 December 2024
Read More
Banking Awareness of 1 and 2 December 2024
Read More
Banking Awareness of 27, 28 and 29 November 2024
Read More
Comments