NextQ27

Identify, which of the following is not a source of demand for foreign exchange. (Choose the correct option)

Determination and Changes in Exchange RateStudy Simplify SpecialPYQ1MCQ
Question 26

Read the following statements – Assertion (A) and Reason (R) carefully. Choose the correct option from those given below : Assertion (A) : Other things remaining constant, devaluation of domestic currency may lead to rise in National Income of the nation. Reason (R) : Devaluation of domestic currency refers to reduction in the value of domestic currency by the government with respect to foreign currency under the fixed exchange rate system.

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