Question
Which of the following statements about REER is not
correct?Solution
Real Effective Exchange Rate (REER) is an average of bilateral nominal effective exchange rates (NEER) that have been adjusted for inflation i.e. relative price differential between the domestic and foreign countries. The REER is the weighted average of NEER adjusted for inflation. REER is computed using inflation differential based on CPI (base year is 2004-05) (and not WPI). REERs are summary indicators of movements in the exchange rates of home currency against a basket of currencies of trade partner countries and are considered to be an indicator of international competitiveness. Reserve Bank is providing the REER index (6 and 36 currencies). In order to calculate the weights, the geometric average of India’s bilateral trade (exports plus imports) with countries/regions represented by the 6 currencies/ 36 currencies is taken.
Find the sum of geometric progression, 40, 20, 10, 5, …..
What will be the mode of the following data?
13, 15, 31, 12, 27, 13, 27, 30, 27, 28 and 16
Find the mode of the data: 2, 2, 3, 5, 15, 15, 15, 20, 21, 23, 25, 15, 23, 25.
The mean of the sample data = 60 and median = 48. Find the mode of this distribution.
The cost of an item is 'A'. A shopkeeper increases the price by 'x'%, then applies a discount of 'd'% on the increased price. Aft...
Matthew sells Chocolates in the packs of 6 chocolates, 12 chocolates, 18 chocolates and 24 chocolates etc, but the rate is necessarily uniform. One day ...
A shopkeeper sells a product for ₹720 at a profit of 20%. What was the cost price of the product?
The arithmetic mean and geometric mean of two numbers are 7 and 2√10 respectively, then find the numbers.
The average weight of 16 people in a group is 75 kg. If the heaviest person who weighs 95 kg is replaced by a new person, and the average weight of the ...
A shopkeeper bought two article A&B for a total of rupees 3500. He marked Article A 140% above its cost price and sold it after giving a discount of 20%...