The value of currencies fluctuates based on various economic factors, but typically, GBP trades at a higher value than EUR and USD.
Which among the following currencies is the costliest?
Asked in BPSC Prelims Exam 69th · Topic: Foreign Exchange Market and Exchange Rate Determination (Definition and Types of Exchange Rates (Nominal, Real, Bilateral, Effective))
Show answer
Answer: B. Pound Sterling
Read the notes: Foreign Exchange Market and Exchange Rate Determination →
More External Sector of Economy questions
- With reference to the Indian economy, consider the following statements: 1. An increase in Nominal Effective Exchange Rate (NEER) indicates the appreciation of rupee. 2. An increase in the Real Effective Exchange Rate (REER) indicates an improvement in trade competitiveness. 3. An increasing trend in domestic inflation relative to inflation in other countries is likely to cause an increasing divergence between NEER and REER. Which of the above statements are correct ?
- Match List I with List II and select the correct answer using the codes given below the lists: List I List II I. Ringgit A) Indonesia II. Baht B) South Korea III. Rupiah C) Thailand IV. Won D) Malayasia Codes:
- Which of the following pairs are correctly matched? I. Dow Jones: New York II. Hang Seng: Seoul III. FTSE - 100: London Select the correct answer using the codes given below:
- Which one of the following is the correct sequence of decreasing order of the given currencies in terms of their value in Indian Rupees?
- The term ‘Ringgit’ is associated with the currency of which State/Country?
- FEMA stands for ________.
- What does FEMA stand for?
- Match the following: List – I (Countries) A. China B. Egypt C. Germany D. Iran List – II (Currencies) 1. Pound 2. Yuan 3. Rial 4. Dinar 5. Euro Select the correct answer using the codes given below : Codes : [A] A B C D 2 1 5 3 [B] A B C D 3 4 5 5 [C] A B C D 3 2 4 1 [D] A B C D 2 5 3 4