Economy
2021
External Sector
Balance of Payments
UPSC Practice Question
Consider the following statements : The effect of devaluation of a currency is that it necessarily
- improves the competitiveness of the domestic exports in the foreign markets
- increases the foreign value of domestic currency
- improves the trade balance Which of the above statements is/are correct?
B.1 and 2
A.1 only
D.2 and 3
C.3 only