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NextQ20

From the following, identify the correct reasons that may affect the supply of foreign exchange in an economy : I. Purchase of land in England by an Indian II. Foreign tourists visiting Taj Mahal III. Donation of $ 500 million from Microsoft IV. Indian students going to Australia for studies Alternatives :

Determination and Changes in Exchange RateStudy Simplify SpecialPYQ1MCQ
Question 19

Read the following statements – Assertion (A) and Reason (R). Choose one of the correct alternatives given below : Assertion (A) : Ceteris Paribus, Devaluation of domestic currency leads to an increase in National Income of a nation. Reason (R) : Devaluation of domestic currency refers to reduction in the value of domestic currency with respect to foreign currency, under the fixed exchange rate system.

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