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
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A1966
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B1971
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C1975
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D1991
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