5 Views

Question : Fixed Foreign Exchange Rate can be changed by _____.

Option 1: RBI

Option 2: SEBI

Option 3: Ministry of Finance

Option 4: FIPB


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 27th Jan, 2024

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
SSC CGL Complete Guide

Candidates can download this ebook to know all about SSC CGL.

Download EBook

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books