A. reduction in the value of a currency vis-a-vis major internationally traded currencies
B. permitting the currency to seek its worth in the international market
C. fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies
D. fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners
Correct Answer
reduction in the value of a currency vis-a-vis major internationally traded currencies
More questions
1. The powers to legislate with respect to any matter not enumerated in any of the three lists are mentioned as residuary powers. Which of the following is empowered to determine finally as to whether or not a particular matter falls in this category