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Consider the following statements. 1. Some economies, particularly small ones, peg their currencies to a major currency which is known as the pegging of currencies.2. At times, they peg their currencies to a basket of currency in a fixed exchange rate which is known as Gliding.Which of these statements is/are incorrect?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) None of themCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements. 1. Some economies, particularly small ones, peg their currencies to a major currency which is known as the pegging of currencies.2. At times, they peg their currencies to a basket of currency in a fixed exchange rate which is known as Gliding.Which of these statements is/are incorrect?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) None of themCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements. 1. Some economies, particularly small ones, peg their currencies to a major currency which is known as the pegging of currencies.2. At times, they peg their currencies to a basket of currency in a fixed exchange rate which is known as Gliding.Which of these statements is/are incorrect?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) None of themCorrect answer is option 'D'. Can you explain this answer?.

Solutions for Consider the following statements. 1. Some economies, particularly small ones, peg their currencies to a major currency which is known as the pegging of currencies.2. At times, they peg their currencies to a basket of currency in a fixed exchange rate which is known as Gliding.Which of these statements is/are incorrect?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) None of themCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

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