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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. As of December 2019, _______ was the largest crude oil supplier to India.

  2. Which company recently became the 1st Indian company to hit the ₹10 Lakh Crore market valuations?

  3. Merchant discount rate refers to ______

  4. Which of the following states was awarded by the Union Government for being the best state in the fisheries sector amongst hilly and north-eastern states for the year 2019-2020?

  5. Name the company that has acquired an online travel portal Yatra Online Inc., for an enterprise value of $337.8 million, in an all-stock transaction.

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