Assertion (A) : Devaluation of a currency may promote export. Reason (R) : Price of the country’
Assertion (A) : Devaluation of a currency may promote export.
Reason (R) : Price of the country’s products in the international market may fall due to devaluation.
(a) Both A and R are true and R is the correct explanation of A
(b) Both A and R are true but R is not a correct explanation of A
(c) A is true but R is false
(d) A is false but R is true
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(a) Devaluation is a conscious decision taken by Central Bank of the country to lower the external value of domestic currency. After devaluation of the rupee Indian goods would become cheaper for foreigners.
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