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When the exchange rate changes from 1$ = Rs 60 to 1$ = Rs 58, it means :I. Rupee value has appreciated II. Dollar value has depreciatedIII. Rupee value has depreciated IV. Dollar value has appreciated
- a)I and II are correct.
- b)II and III are correct.
- c)I and IV are correct.
- d)II and IV are correct.
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
When the exchange rate changes from 1$ = Rs60 to 1$ = Rs58, it means :...
Explanation:
When the exchange rate changes from 1$ = Rs60 to 1$ = Rs58, it means that the value of the rupee has appreciated and the value of the dollar has depreciated.
Reasoning:
I. Rupee value has appreciated:
When the exchange rate changes from 1$ = Rs60 to 1$ = Rs58, it means that the value of the rupee has increased in comparison to the dollar. This is because now, for every dollar, you will get fewer rupees. So, the rupee value has appreciated.
II. Dollar value has depreciated:
At the same time, when the exchange rate changes from 1$ = Rs60 to 1$ = Rs58, it means that the value of the dollar has decreased in comparison to the rupee. This is because now, for every rupee, you will get more dollars. So, the dollar value has depreciated.
Conclusion:
Therefore, both statements I and II are correct. The rupee value has appreciated and the dollar value has depreciated when the exchange rate changes from 1$ = Rs60 to 1$ = Rs58.
Answer:
The correct answer is option 'A' - I and II are correct.
When the exchange rate changes from 1$ = Rs60 to 1$ = Rs58, it means that the value of the rupee has appreciated and the value of the dollar has depreciated.
Reasoning:
I. Rupee value has appreciated:
When the exchange rate changes from 1$ = Rs60 to 1$ = Rs58, it means that the value of the rupee has increased in comparison to the dollar. This is because now, for every dollar, you will get fewer rupees. So, the rupee value has appreciated.
II. Dollar value has depreciated:
At the same time, when the exchange rate changes from 1$ = Rs60 to 1$ = Rs58, it means that the value of the dollar has decreased in comparison to the rupee. This is because now, for every rupee, you will get more dollars. So, the dollar value has depreciated.
Conclusion:
Therefore, both statements I and II are correct. The rupee value has appreciated and the dollar value has depreciated when the exchange rate changes from 1$ = Rs60 to 1$ = Rs58.
Answer:
The correct answer is option 'A' - I and II are correct.
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When the exchange rate changes from 1$ = Rs60 to 1$ = Rs58, it means :I. Rupee value has appreciated II. Dollar value has depreciatedIII. Rupee value has depreciated IV. Dollar value has appreciateda) I and II are correct.b) II and III are correct.c) I and IV are correct.d) II and IV are correct.Correct answer is option 'A'. Can you explain this answer?
Question Description
When the exchange rate changes from 1$ = Rs60 to 1$ = Rs58, it means :I. Rupee value has appreciated II. Dollar value has depreciatedIII. Rupee value has depreciated IV. Dollar value has appreciateda) I and II are correct.b) II and III are correct.c) I and IV are correct.d) II and IV are correct.Correct 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 When the exchange rate changes from 1$ = Rs60 to 1$ = Rs58, it means :I. Rupee value has appreciated II. Dollar value has depreciatedIII. Rupee value has depreciated IV. Dollar value has appreciateda) I and II are correct.b) II and III are correct.c) I and IV are correct.d) II and IV are correct.Correct 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 When the exchange rate changes from 1$ = Rs60 to 1$ = Rs58, it means :I. Rupee value has appreciated II. Dollar value has depreciatedIII. Rupee value has depreciated IV. Dollar value has appreciateda) I and II are correct.b) II and III are correct.c) I and IV are correct.d) II and IV are correct.Correct answer is option 'A'. Can you explain this answer?.
When the exchange rate changes from 1$ = Rs60 to 1$ = Rs58, it means :I. Rupee value has appreciated II. Dollar value has depreciatedIII. Rupee value has depreciated IV. Dollar value has appreciateda) I and II are correct.b) II and III are correct.c) I and IV are correct.d) II and IV are correct.Correct 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 When the exchange rate changes from 1$ = Rs60 to 1$ = Rs58, it means :I. Rupee value has appreciated II. Dollar value has depreciatedIII. Rupee value has depreciated IV. Dollar value has appreciateda) I and II are correct.b) II and III are correct.c) I and IV are correct.d) II and IV are correct.Correct 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 When the exchange rate changes from 1$ = Rs60 to 1$ = Rs58, it means :I. Rupee value has appreciated II. Dollar value has depreciatedIII. Rupee value has depreciated IV. Dollar value has appreciateda) I and II are correct.b) II and III are correct.c) I and IV are correct.d) II and IV are correct.Correct answer is option 'A'. Can you explain this answer?.
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