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  3. 12th Class
  4. Economics
  5. Foreign Exchange Rate

12th Class Economics Foreign Exchange Rate Question Bank Case Based MCQs - Foreign Exchange Rate

  • question_answer
    Immediately after independence, Indian rupee was pegged to the ......... .

    A) Pound sterling

    B) Gold

    C) US dollar

    D) None of these

    Correct Answer: A

    Solution :

    After independence, India also opted for fixed exchange rate system and pegged or fixed its currency against pound sterling.


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