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Hemant

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· 1 Months ago

Details in Hindi (Question: 84408.0 )

Details in Hindi plz

Question:
The Major aim of devaluation is to?
Options:
A) Encourage exports
B) Encourage imports
C) Discourage both exports and imports
D) None of these
Solution:
Ans: (a) Encourage exports-Devaluation policy is adopted to increase the exports of the country. As the currency of any country is devalued, the commodities of that country become cheaper for the other countries and they increase their demand. Devaluation makes home goods cheaper to foreign countries and foreign goods expensive in the home country. In this way deficit in the balance of payment is correct. Devaluation removes the uncertainty in the business circles. The rate of investment also increases.

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