Economics · Exchange Rate System in India
Which of the following statements regarding India's foreign exchange history is FALSE?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1India has been using a flexible exchange rate system continuously since independence.✓
- 2India is one of the founding members of the IMF.
- 3Indian rupee was historically linked with the British Pound Sterling.
- 4India experienced a dual exchange rate system (LERMS) in the early 1990s.
Correct answer
India has been using a flexible exchange rate system continuously since independence.
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