Question
India’s (foreign currency) exchange rate system can be
best described as?Solution
There are mainly three types of exchange rate systems: flexible/ floating exchange rate system, fixed exchange rate system and managed floating (intermediate exchange rate system). India has managed floating exchange rate system. In this rate is basically determined in the foreign exchange market through the operation of market forces. But during extreme fluctuations, the central bank (RBI) intervenes in the foreign exchange market. Objective of this intervention is to minimise the fluctuation in the exchange rate of rupee.
RRBs will have a target of _____ of their outstanding advances for priority sector lending and sub-sector targets.
Tritium is an isotope of:
Famous Mukheshawar Temple & Ananta Basudeva temple is located in which state?
Great Bear' is the name of a:
Euro is not the currency of which of the following country?
Which organization launched a joint initiative with IASST Guwahati for the commercialization of probiotics derived from traditional Northeast Indian foods?
Which of the following bank had been recently penalized by RBI to an amount of three crore
As per a recent report by Reserve Bank of India, which of the following is the largest source of FDI into India?
Which of the following is the state of origin of the Odissi dance form?
Where is the National Metallurgical Laboratory located?Â
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