Attempt this previous-year question. The correct option stays hidden until you choose.
Consider the following statements:
The price of any currency in the international market is decided by the
1. World Bank
2. demand for goods/services provided by the country concerned
3. stability of the government of the concerned country
4. economic potential of the country in question
Which of the statements given above are correct?
Pick an option to check yourself.
• Correct Answer: B
• A currency's international price is determined by demand for the country's goods/services and political stability.
• The World Bank does not set exchange rates; economic potential alone is not the direct determinant.
Attempt Prelims MCQs or open Mains questions by paper — then continue the same bank inside the app with visual decks.
GyanGram