Question : Which of the following are part of foreign exchange reforms?
Option 1: Devaluation of Rupee
Option 2: Market determination of exchange rate
Option 3: Both A and B
Option 4: Neither A nor B.
Correct Answer: Both A and B
Solution : The following are part of foreign exchange reforms
Hence Option C is correct.
Question : It refers to the rate at which currency is exchanged for others.
Option 1: Foreign exchange
Option 2: Foreign exchange market
Option 3: Foreign exchange rate
Option 4: None of the above.
Question : Revaluation and devaluation are the part of which exchange rate system?
Option 1: Fixed exchange rate system
Option 2: Flexible exchange rate system
Option 3: Managed floating rate system
Question : It is determined by forces of demand and supply.
Question : It refers to all currencies other than domestic currency of a given country.
Question : It measures the number of units of one currency required to exchange with one unit of another.
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