Question : The liberalization of the external sector in 1991 led to the devaluation of which currency?
Option 1: Indian Rupee
Option 2: US Dollar
Option 3: Euro
Option 4: Japanese Yen
Correct Answer: Indian Rupee
Solution : The correct answer is (a) Indian Rupee.
As part of the economic reforms in 1991, the Indian government introduced measures to liberalize the external sector, including allowing greater flexibility in exchange rates. This led to the devaluation of the Indian Rupee, meaning that its value decreased in relation to other currencies. Devaluation aimed to make Indian goods and services more competitive in international markets and promote exports.
Question : The liberalization of the external sector in 1991 led to the devaluation of the:
Option 1: US Dollar
Option 2: Indian Rupee
Question : The legal tender in India is:
Option 1: US dollar
Option 2: Euro
Option 3: Indian rupee
Option 4: Japanese yen
Question : Which of the following is not a major international reserve currency?
Option 3: Japanese yen
Option 4: Indian rupee
Question : Which of the following is the Japanese currency?
Option 1: Taka
Option 2: Lira
Option 3: Mark
Option 4: Yen
Question : The 1991 economic policy led to the liberalization of which sector in India?
Option 1: Agriculture
Option 2: Healthcare
Option 3: Services
Option 4: Public transportation
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile