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Giving valid reason, state whether the following statement is true or false: Depreciation of the Indian Currency will lead to promotion of Indian exports. - Economics

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प्रश्न

Giving valid reason, state whether the following statement is true or false:

Depreciation of the Indian Currency will lead to promotion of Indian exports.

विकल्प

  • True

  • False

MCQ
सत्य या असत्य

उत्तर

This statement is True.

Reason: 

The purchasing power of foreign currency increases when the Indian currency depreciates. For foreign countries, domestically manufactured items become less expensive. It results in an increase in Indian exports.

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Foreign Exchange Market - Determination of the Exchange Rate
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
2022-2023 (March) Delhi Set 1

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