Question Practice

If the exchange rate increases from Rs 50 to Rs 70 per dollar, what has happened to the rupee?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA

Single Answer MCQ

Q-00089184

It has appreciated

It has depreciated

It has remained the same

It has become more stable

Video Explanation

Watch Video Solution

Keep Practising

Students who asked this also explored

Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

Q1.

What is the foreign exchange market primarily used for?

Q2.

Which of the following accurately defines the exchange rate?

Q3.

What happens to demand for foreign exchange if the price of foreign goods increases?

Q4.

Which type of exchange rate is determined by market forces without government intervention?