Teaching EMRS PGT Mock Test 2023 General Knowledge Economy External Sector and Currency Exchange rate
With reference to the Currency depreciation, consider the following statements:
1. It is a fall in the value of a currency in a floating exchange rate system.
2. Rupee depreciation means that the rupee has become less valuable with respect to the dollar.
3. Depreciation of the rupee is a double-edged sword for the Reserve Bank of India.
Which of the above statement are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2, and 3