Question : Assume that the exchange rate between the US Dollar and the Indian Rupee is $1=INR 55. Now if this exchange rate increases to $1=INR 60, then in this case the Indian Rupee has ____ in comparison to the US dollar.

Option 1: depreciated

Option 2: appreciated

Option 3: demonetised

Option 4: overvalued

Question : Which of the following is not a major international reserve currency?

Option 1: US dollar
   

Option 2: Euro
 

Option 3: Japanese yen

Option 4: Indian rupee

Question : Which of the following is an example of a leading currency in international trade and finance?

Option 1: Indian rupee
   

Option 2: Chinese yuan
 

Option 3: Swiss franc

Option 4: US dollar

Question : Indian Rupee plunged to all time low of INR 85.10 against US dollar. How it will impact the import status of the country.

Option 1: Imports will increase
 

Option 2: Imports will decrease
 

Option 3: No change

Option 4: Either a or b

Question : When a country's currency depreciates, it means that:

Option 1: Its value decreases relative to other currencies.
 

Option 2: Its value increases relative to other currencies.
 

Option 3: Its value remains constant.

Option 4: None of the above.