SSC CHSL 4 Aug 2021 Shift 1 Paper

Section: General Awareness

Question : 89 of 100

Marks: +1, -0

What happens to Indian exports when Indian rupee is devalued?

Export prices fluctuate
Exports become cheaper
Export prices remain stable
Exports become dearer

Solution:

When Indian rupee is devalued, the exports become cheaper. The term 'devaluation' is used when the government reduces the value of a currency under Fixed-Rate System. In 1947 , the exchange rate was

\$ 1

₹ 1

but today we have to spend ₹ 66 to buy a US dollar.

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