Question

The purpose of the devaluation of Indian rupee is:
imported.

• A. 1) To reduce imports and to increase exports.
• B. 2) To increase imports and to reduce exports
• C. 3) To reduce differences between values of goods and value of services imported
• D. To maintain favorable balance of payments

Answer 1

Answer: (B)

2) To increase imports and to reduce exports

The purpose of Devaluation of Indian rupee is to increase imports and to reduce exports.