Maharashtra State BoardHSC Arts 12th Board Exam
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Choose the Correct Answer : Currency Rate of India to Other Currency Means _________. - Economics

MCQ

Choose the correct answer :   

Currency rate of India to other currency means _________. 

Options

  • (a) interest rate 

  • (b) exchange rate

  • (c) tax rate

  • (d) profit rate

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Solution

Currency rate of India to other currency means exchange rate.
Explanation:
Exchange rate refers to the value of once currency in terms of other. Thus currency rate of India to other currency would mean its exchange rate.

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