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.
In the following question select the answer pair that expresses a relationship most similar to that expressed in the capitalised pair.
FROWN : ...
- Select the most appropriate ANTONYM of the word in bold.
Despite the heavy criticism, the athlete remained undaunted and continued to train harder.... The Mangoes were eaten by the children
- Choose the word similar in meaning to the given word:
Irascible Something which is likely to decay quickly
Person who finds it difficult to go to sleep
Select the most appropriate synonym of the given word.Â
ESTIMATE
The politician's speech was eloquent and captivated the audience.
Select the most appropriate meaning of the given idiom. "Go down like a lead balloon"
A) Horrible B) Horizontal C) Hostile D) Friendly
