WBCS.LIVE practice question

The outcome of ‘devaluation of currency’ is—

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Increased export and improvement in balance of payment
  2. Increased export and foreign reserve deficiency
  3. Increased import and improvement in balance of payment
  4. Increased export and import

Correct answer and explanation

Correct answer: Increased export and improvement in balance of payment