NextQ23

Read the following statements carefully : Statement 1 : Import of heavy machinery from Japan is a source of demand for foreign exchange. Statement 2 : Financial aid by International Bank for Reconstruction and Development (IBRD) for landslide in Wayanad (Kerala) is a source of supply of foreign exchange. In the light of the given statements, choose the correct option from the following :

Question 22

Under the __________ Exchange Rate System, the Central Bank can control the foreign exchange rate in a range bound manner. (Choose the correct option to fill in the blank)

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