Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy External Sector and Currency Exchange rate
Which of the following statements is/are correct with reference to the Nominal Effective Exchange Rate (NEER)?
1. It is the weighted average of a country's currency value relative to other major currencies adjusted for the effects of inflation.
2. In economics, the NEER is an indicator of a country’s international competitiveness in terms of the foreign exchange (forex) market.
Select the correct answer using the code given below.
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2