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FOREIGN TRADE — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsFOREIGN TRADE1 Mark
MCQ
What is meant by devaluation of rupee?
  • ✓
    Payment of $1$ is made costlier in rupee by Government.
  • B
    It is market condition in which more rupees are paid against
  • C
    Payment of $1$ is made cheaper in rupee by Government.
  • D
    It is market condition in which fewer rupees are paid against.
✓

Answer

Correct option: A.
Payment of $1$ is made costlier in rupee by Government.

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