UPSC 1998 › Indian Economy › External Sector & Balance Of Payments
3 questions · 1998 · answers as per the UPSC key
UPSC 1998 · Q16 · Indian Economy › External Sector & Balance Of Payments · Save
Consider the following statements: The price of any currency in the international market is decided by the I. World Bank II. Demand for goods/services provided by the country concerned III. Stability of the government of the concerned country IV. Economic potential of the country in question Of these statements:
(a) I, II, III and IV are correct
(b) II and III are correct
(c) III and IV are correct
(d) I and IV are correct
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Answer: (b) II and III are correct
UPSC 1998 · Q91 · Indian Economy › External Sector & Balance Of Payments · Save
Which one of the following is the correct sequence of decreasing order of the given currencies in terms of their value in Indian Rupees?
(a) US dollar, Canadian dollar, New Zealand dollar, Hong Kong dollar
(b) US dollar, New Zealand dollar, Canadian dollar, Hong Kong dollar
(c) US dollar, Hong Kong dollar, New Zealand dollar, Canadian dollar
(d) US dollar, Hong Kong dollar, Canadian dollar, New Zealand dollar
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Answer: (a) US dollar, Canadian dollar, New Zealand dollar, Hong Kong dollar
UPSC 1998 · Q93 · Indian Economy › External Sector & Balance Of Payments · Save
Capital Account Convertibility of the Indian Rupee implies
(a) that the Indian Rupee can be exchanged by the authorised dealers for travel
(b) that the Indian Rupee can be exchanged for any major currency for the purpose of trade in goods and services
(c) that the Indian Rupee can be exchanged for any major currency for the purpose of trading financial assets
(d) None of the above
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Answer: (c) that the Indian Rupee can be exchanged for any major currency for the purpose of trading financial assets