Which of the following statements are true with reference to Real Effective Exchange Rate REER I nbs...........

Economic Affairs Balance of Payments

Which of the following statements are true with reference to Real Effective Exchange Rate (REER)?

I. REER is an indicator of external competitiveness

II. Increase in REER shows increase in the external competitiveness over a period of time

III. India’s REER has appreciated over a period of time

Codes:

Only (I) and (II) are true

Only (II) and (III) are true

Only (I) and (III) are true

All are true

2nd statement is incorrect regarding Real Effective Exchange Rate (REER).

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