Class 11 Economics - Indian Economic Development - Chapter Liberalisation, Privatisation and Globalisation: An Appraisal NCERT Solutions | What do you understand by devaluation of
What do you understand by devaluation of rupee?
Devaluation of Rupee refers to the fall in the value of rupee in terms of foreign currency. Specifically, it implies deliberate official lowering of the value of the country's currency with respect to the foreign currency. Devaluation prevails under the fixed exchange rate regime. This implies that the value of rupee has fallen and the value of foreign currency has risen. It means that now (after devaluation) one US$ can be exchanged for more rupees. This encourages exports and discourages imports as the former is cheaper now for foreign countries and the latter is expensive for Indians.
More Questions From Class 11 Economics - Indian Economic Development - Chapter Liberalisation, Privatisation and Globalisation: An Appraisal
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How is RBI controlling the commercial banks?
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Distinguish between the following
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(ii) Bilateral and Multi-lateral trade
(iii) Tariff and Non-tariff barriers. - Q:-
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Discuss economic reforms in India in the light of social justice and welfare.
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Recently Viewed Questions of Class 11 Economics - Indian Economic Development
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The following table shows the population and worker population ratio for India in 1999-2000. Can you estimate the workforce (urban and total) for India?
Region Estimates of
Population
(in crores)Worker
Population
RatioEstimated
No. of Workers
(in crores)Rural
Uraban
Total71.88
28.52
100.4041.9
33.7
39.571.88/100 x 41.9 = 30.12
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(a) Overuse of environmental resources
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