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Consider the following statements. 1. In the foreign exchange market, if a free-floating domestic currency increases its value against the value of a foreign currency, it is known as appreciation.2. In the domestic economy, if a fixed asset has seen an increase in its value, it is known as revaluation.Which of these statements is/are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) Neither 1 nor 2Correct answer is option 'A'. 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. In the foreign exchange market, if a free-floating domestic currency increases its value against the value of a foreign currency, it is known as appreciation.2. In the domestic economy, if a fixed asset has seen an increase in its value, it is known as revaluation.Which of these statements is/are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) Neither 1 nor 2Correct answer is option 'A'. 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. In the foreign exchange market, if a free-floating domestic currency increases its value against the value of a foreign currency, it is known as appreciation.2. In the domestic economy, if a fixed asset has seen an increase in its value, it is known as revaluation.Which of these statements is/are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.

Solutions for Consider the following statements. 1. In the foreign exchange market, if a free-floating domestic currency increases its value against the value of a foreign currency, it is known as appreciation.2. In the domestic economy, if a fixed asset has seen an increase in its value, it is known as revaluation.Which of these statements is/are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) Neither 1 nor 2Correct answer is option 'A'. 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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