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Consider the following statements. When the value of the currency is made cheaper by the central bank it is called devaluation of the currency, and when the market forces bring down the value of the currency due to falling demand it is called depreciation of the currency. In the Balance of Payments, the movements of money without exchange for goods or services and charities are part of Capital account.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. 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. When the value of the currency is made cheaper by the central bank it is called devaluation of the currency, and when the market forces bring down the value of the currency due to falling demand it is called depreciation of the currency. In the Balance of Payments, the movements of money without exchange for goods or services and charities are part of Capital account.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. 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. When the value of the currency is made cheaper by the central bank it is called devaluation of the currency, and when the market forces bring down the value of the currency due to falling demand it is called depreciation of the currency. In the Balance of Payments, the movements of money without exchange for goods or services and charities are part of Capital account.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.

Solutions for Consider the following statements. When the value of the currency is made cheaper by the central bank it is called devaluation of the currency, and when the market forces bring down the value of the currency due to falling demand it is called depreciation of the currency. In the Balance of Payments, the movements of money without exchange for goods or services and charities are part of Capital account.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. 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.

Here you can find the meaning of Consider the following statements. When the value of the currency is made cheaper by the central bank it is called devaluation of the currency, and when the market forces bring down the value of the currency due to falling demand it is called depreciation of the currency. In the Balance of Payments, the movements of money without exchange for goods or services and charities are part of Capital account.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements. When the value of the currency is made cheaper by the central bank it is called devaluation of the currency, and when the market forces bring down the value of the currency due to falling demand it is called depreciation of the currency. In the Balance of Payments, the movements of money without exchange for goods or services and charities are part of Capital account.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the following statements. When the value of the currency is made cheaper by the central bank it is called devaluation of the currency, and when the market forces bring down the value of the currency due to falling demand it is called depreciation of the currency. In the Balance of Payments, the movements of money without exchange for goods or services and charities are part of Capital account.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the following statements. When the value of the currency is made cheaper by the central bank it is called devaluation of the currency, and when the market forces bring down the value of the currency due to falling demand it is called depreciation of the currency. In the Balance of Payments, the movements of money without exchange for goods or services and charities are part of Capital account.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements. When the value of the currency is made cheaper by the central bank it is called devaluation of the currency, and when the market forces bring down the value of the currency due to falling demand it is called depreciation of the currency. In the Balance of Payments, the movements of money without exchange for goods or services and charities are part of Capital account.Which of the above statements is/are incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.