Question
'Indian paper currency is inconvertible'. Discuss.
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S.No.
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List- Exchange rate change
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List-II Nomenclature
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1.
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Lowering of the value of a country's currency in terms of other currencies.
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Appreciation.
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2.
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Decline (or fall) in the value of a country's currency in terms of other currencies.
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Devaluation.
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3.
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Increase in the value of country's currency in terms of other currencies.
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Depreciation.
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S.No.
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Contents
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₹ (in crore)
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(i)
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Net Factor Income from Abroad
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$(-5)$
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(ii)
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Private Final Consumption Expenditure
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$100$
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(iii)
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Personal Tax
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$20$
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(iv)
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Gross National Disposable Income
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$170$
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(v)
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Government Final Consumption Expenditure
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$20$
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(vi)
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Corporation Tax
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$15$
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(vii)
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Gross Domestic Capital Formation
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$30$
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(viii)
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Personal Disposable Income
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$70$
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(ix)
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Net Exports
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$(-)10$
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(x)
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Savings of Private Corporate Sector
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$5$
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(xi)
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Net National Disposable Income
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$145$
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