[reduction in the value of...] Devaluation of a currency means

For Competitive Exams

Devaluation of a currency means

reduction in the value of a currency vis-a-vis major internationally traded currencies

permitting the currency to seek its worth in the international market

fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies

fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners

Additional Questions

In the second nationalization of commercial banks, ___ banks were nationalized.	Answer
Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves interest payments subsidies defence irrigation	Answer
Depreciation means	Answer
Deficit financing leads to inflation in general, but it can be checked if	Answer
If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits	Answer
India changed over to the decimal system of coinage in	Answer
The association of the rupee with pound sterling as the intervention currency was broken in	Answer
On which one of the followings is the benefits received principle of taxation to achieve optimality bases?	Answer
One of the reasons for Indias occupational structure remaining more or less the same over the years has been that	Answer
Gross domestic capital formation is defined as	Answer

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