state gov APPSC (ఆంధ్రప్రదేశ్) Group 2 (Pre + Mains) Mock Test 2023 Current Affairs Business and Economy
Consider the following statements regarding devaluation of a currency:
1. It can make a country's exports cheaper and more competitive in the global market.
2. It can attract FDI as investors find assets cheaper in the devalued currency.
3. It increases the cost of imports, potentially widening a country's trade deficit.
Which of the following statements is/are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3