Exchange rate policy: In which year was the rupee’s link to the pound sterling as an intervention currency broken? State the year India moved away from single-currency intervention to a basket-based approach.

General Knowledge Indian Economy Difficulty: Easy
Choose an option
  • A
    1966
  • B
    1971
  • C
    1975
  • D
    1991

Answer

Correct Answer: 1975

Explanation

BackgroundIndia discontinued using the pound sterling as the sole intervention currency and shifted to a basket-based approach in 1975, reflecting global currency realignments.

Final Answer1975

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