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

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

  • question_answer
    Increase in the value of foreign commodities in term of domestic currency as planned by the government refers to

    A) Revaluation

    B) Devaluation

    C) Either [a] or [b]

    D) Can't predict the impact of the above situation

    Correct Answer: B

    Solution :

    When the value of foreign goods increases, this indicates decrease in the value of domestic currency. As this situation is planned by the government so, it will be referred to as devaluation.


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