Question
If the exchange rate between USD and INR is quoted as 1
USD = Rs.83, it is _________ while when it is quoted as Rs.100 = USD 1.21, it is __________.ÂSolution
Direct quote is when foreign currency is fixed and Indian rupee are variable (i.e. 1USD = Rs.83). Indirect quote is when foreign currency is variable and Indian Rupee is fixed (i.e. Rs.100= USD 1.21). In India, direct quotes are quoted for INR.
An increase in the price of a product will result in which of the following?Â
What does the economic term 'Inflation' refer to?**
Match the following?
A) Bombay Plan                P) Mr. Jai Prakash Narayan
B) Gandhian Plan           ...
Which Five Year Plan in India has the tagline – Faster Sustainable and more inclusive growth?
Which of the following are the specialized wings under the NITI Aayog:
i. Â Research Wing
ii. Â Development Wing
iii. Team I...
Fiscal policy in India is formulated by?Â
Goods whose demand increases as their price rises are known as?
Consumer sovereignty implies that consumers:Â
Which organization publishes the World Economic Outlook report.
In which year were Economic Reforms launched in India?
Relevant for Exams:
