With reference to the currency depreciation, consider the following statements: 1. It is a fall in the value of a currency in a floating exchange rate system. 2. It discourages the country’s export activity. Which of the statements given above is/are correct? - Study24x7
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With reference to the currency depreciation, consider the following statements: 1. It is a fall in the value of a currency in a floating exchange rate system. 2. It discourages the country’s export activity. Which of the statements given above is/are correct?

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

UPSC
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