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Import and Export

When a countr...

Question

When a country exports, it earns domestic currency.

A

False

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B

True

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Solution

The correct option is A False

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Q. A country can make its exports to foreign countries cheaper with which of the following methods?
[Pick up the correct statement(s).]
A. Reducing their domestic prices
B. Reducing the foreign exchange rate on its money (devaluing currency)
C. Putting a ban on import of foreign goods

Q. Depreciation of domestic currency leads to rise in exports.

Q. Short Answer Type Questions:
Explain how 'Depreciation of currency' promotes exports of a country?

(a) How does depreciation of domestic currency affect the exports?

(b) How does Make in India project affect foreign exchange rate?

Q. Exporting refers to sending goods from domestic country to foreign country.

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Import and Export

Standard IX Economics

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