Question

Q47. India follows which type of exchange rate regime

• A. a) free float regime
• B. b) Pegged regime
• C. c) Managed but flexible regime
• D. d) Floating currency regime

Answer 1

The correct option is C

c) Managed but flexible regime

ans: C
Managed float regime is the current international financial environment in
whichexchange rates fluctuate from day to day, but central banks attempt to influence
their countries' exchange rates by buying and selling currencies. It is also known as a
dirty float.