📝 One-liners · 66 cards
1 A EXCHANGE RATE POLICY, HISTORICAL EVOLUTION OF EXCHANGE RATE SYSTEM, DERIVATIVE INSTRUMENTS IN FOREX MARKET, FOREIGN EXCHANGE RESERVES MANAGEMENT, AUTHORISED PERSONS UNDER FEMA
What is the primary objective of India's exchange rate policy as managed by the Reserve Bank of India?
India's exchange rate policy aims to maintain orderly market conditions, reduce excess volatility, and prevent destabilising speculative activity, while allowing the rupee's value to be broadly determined by market forces.
What is the Gold Standard system in the context of international exchange rates?
System where currencies are pegged to fixed weight of gold.
Under which exchange rate system did countries peg their currencies to gold at a fixed price, making exchange rates between currencies stable?
Under the Gold Standard system, each currency was pegged to a fixed quantity of gold, which automatically fixed exchange rates between participating countries and ensured balance-of-payments adjustment.
What is the Plaza Accord of 1985 and what was its main objective?
G5 agreement to depreciate US dollar against yen and deutschmark.
🔒
Unlock 66 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for 1 A EXCHANGE RATE POLICY, HISTORICAL EVOLUTION OF EXCHANGE RATE SYSTEM, DERIVATIVE INSTRUMENTS IN FOREX MARKET, FOREIGN EXCHANGE RESERVES MANAGEMENT, AUTHORISED PERSONS UNDER FEMA.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days