Multiple Choice Questions on When the value of Indian rupee as compared to foreign currency goes down it is known as ........ for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

When the value of Indian rupee as compared to foreign currency goes down it is known as ........

Economic Affairs Money Supply and Monetary Policy
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    When the value of Indian rupee as compared to foreign currency goes down it is known as?

    Appreciation

    Incorrect Answer

    Depreciation

    Correct Answer

    Devaluation

    Incorrect Answer

    Revaluation

    Incorrect Answer
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    Explanation:

    Depreciation

    When the value of the Indian rupee (or any currency) decreases or falls compared to foreign currencies, it is known as depreciation. Depreciation means that more of the local currency is required to purchase the same amount of foreign currency.

    Therefore, the correct answer is "Depreciation."

     

    By: Kamal Kashyap
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