Factors Affecting Exchange Rate
CMAT 2022 · General Knowledge · Easy · Economy
On what does the dollar-rupee exchange rate in India depend?
- A.
Demand-supply equilibrium
- B.
Monetary Policy of RBI
- C.
Government control
- D.
The stock market fluctuations
Answer
A
Explanation
Under India's market-determined exchange rate system, the value of the rupee against the US dollar depends primarily on the market forces of demand and supply for dollars.
Related Economy questions
- #1988Monetary Policy AuthorityXATGKMCQEasy
- #2827Agricultural Revolutions in IndiaCMATGKMCQMedium
- #3323Inclusive Development Index IndicatorsCMATGKMCQHard
- #3501Indian Economy - GST Council HeadCMATGKMCQEasy
- #3503Indian Economy - Accounting and Financial ReportingCMATGKMCQMedium
- #3770Full Form of GNPACMATGKMCQEasy
- #3776Extreme Points of IndiaCMATGKMCQMedium
- #3777Rulers of Slave DynastyCMATGKMCQEasy
Practise this under exam conditions
Sign in to solve it with a live timer, the on-screen CAT calculator, and streak and accuracy tracking across every question you attempt.
Solve in the workspace