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Question

Which of the following was NOT an effect of devaluation of the rupee in 1991 to make an international adjustment of Indian currency?

The correct answer is

Increased imports

The 1991 rupee devaluation aimed to boost exports and attract foreign capital, but it did not directly lead to a decrease in imports.

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Important Questions from Business and Economy

  1. To which Japanese automobile company, India has become the top global market both in terms of volumes as well as revenues?

  2. Which among the following industries generates invisible exports?

  3. In Union Budget 2019, the government eased ______ to encourage start-ups in the country.

  4. With reference to the characteristics of a perfectly competitive market, which of the following statements is correct?

    ।. There are a large number of buyers and sellers in the market.

    II. Firms have free entry and exit in the market.

  5. Which of the following is an example of an indirect tax?

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