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Institutional and Situational Causes of Poverty

India devalue...

Question

India devalued Rupee for the first time in ________.

A

1940

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B

1966

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C

1956

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D

1991

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Solution

The correct option is B 1966
Facing high inflationary pressures and large government deficits the rupee was devalued in 1966 for the first time.

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