Question : Fixed Foreign Exchange Rate can be changed by _____.
Option 1: RBI
Option 2: SEBI
Option 3: Ministry of Finance
Option 4: FIPB
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
Correct Answer: RBI
Solution : The correct option is RBI .
The Reserve Bank of India (RBI), was established on April 1, 1935 and is headquartered in Mumbai. A fixed foreign exchange rate can be changed by the government or central bank that has established the rate. Some ways in which a fixed exchange rate can be changed are:
- Open market operations
- Changing the peg
- Changing interest rates
- Capital controls
Related Questions
Know More about
Staff Selection Commission Combined Grad ...
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Get Updates Brochure
Your Staff Selection Commission Combined Graduate Level Exam brochure has been successfully mailed to your registered email id “”.
