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Which of the following does not describe Indian Economy?
- a)Fixed Exchange rate
- b)Liberalized
- c)Managed exchange rate
- d)Mixed Economy
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Which of the following does not describe Indian Economy?a)Fixed Exchan...
The correct answer is option 1, i.e., Fixed Exchange rate
Key Points
- Fixed Exchange rate: A fixed exchange rate is a regime applied by a government or central bankties the country's currency official exchange rate to another country's currency or the price of gold. The purpose of a fixed exchange rate system is to keep a currency's value within a narrow band.
Additional Information
- Managed exchange rate: Under the managed exchange rate system, the exchange rate is predominantly determined in the foreign exchange market by the supply of and demand for a currency. The government intervenes only occasionally to influence the exchange rate when it considers it to be necessary.
- Mixed Economy: A mixed economic system is a system that combines aspects of both capitalismandsocialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims. According to neoclassical theory, mixed economies are less efficient than pure free markets, but proponents of government interventions argue that the base conditions required for efficiency in free markets, such as equal information and rational market participants, cannot be achieved in practical application.
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Which of the following does not describe Indian Economy?a)Fixed Exchange rateb)Liberalizedc)Managed exchange rated)Mixed EconomyCorrect answer is option 'A'. Can you explain this answer?
Question Description
Which of the following does not describe Indian Economy?a)Fixed Exchange rateb)Liberalizedc)Managed exchange rated)Mixed EconomyCorrect answer is option 'A'. Can you explain this answer? for Software Development 2025 is part of Software Development preparation. The Question and answers have been prepared according to the Software Development exam syllabus. Information about Which of the following does not describe Indian Economy?a)Fixed Exchange rateb)Liberalizedc)Managed exchange rated)Mixed EconomyCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Software Development 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following does not describe Indian Economy?a)Fixed Exchange rateb)Liberalizedc)Managed exchange rated)Mixed EconomyCorrect answer is option 'A'. Can you explain this answer?.
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