Question
In 1991, under the external sector reforms, Indian rupee ______.
The correct answer is
Devalued
The correct answer is option 4. In 1991, as part of economic liberalization, the Indian rupee was devalued to promote exports and correct the balance of payments crisis.
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Important Questions from External Sector
Which function is used to calculate the maximum value in a selected column in MS Excel?
In relation to the balance of payments, a __________ deals with foreign exchange reserves, investments, loans, and borrowings.
Which one of the following is an element of capital account in the Balance of Payments?
The ____ Oversees the Foreign Exchange Management Act, 1999.
Credit multiplier is equal to:
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