Civil Services TNPSC Group 1 (New Syllabus) Mock Test 2025 General Knowledge Economy Money and Banking
Which of the following is incorrect regarding Managed Floating exchange rate?
1
In this system, exchange rate is neither floating nor fixed.
2
It has to be managed by autonomous bank with high forex reserves.
3
Central bank of a country has no role in controlling the exchange rate.
4
Central banks moves towards higher exports to rebalance economy.
5
Answer Not Known