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प्रश्न
Giving valid reason, state whether the following statement is true or false:
Depreciation of the Indian Currency will lead to promotion of Indian exports.
विकल्प
True
False
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उत्तर
This statement is True.
Reason:
The purchasing power of foreign currency increases when the Indian currency depreciates. For foreign countries, domestically manufactured items become less expensive. It results in an increase in Indian exports.
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