Question : Which of the following statement is correct?
- Depreciation of currency has same effect on exports as devaluation of currency.
- Increase in investment by MNCs in India leads to depreciation of domestic currency.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 2 is true and statement 1 is false.
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Answer (1)
20th Jan, 2024
Correct Answer:
Statement 1 is true and statement 2 is false.
Solution :
Depreciation of currency has same effect on exports as devaluation of currency.
Increase in investment by MNCs in India leads to appreciation of domestic currency.
Hence option C is correct .
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