Economy UPPSC 1994 GS-I
Question

The Devaluation is:

Answer & Solution

Answer: (Detailed Solution Below)

Option D: Reduction in the value of currency in terms of gold

Detailed Solution:

The correct answer is “Reduction in the value of currency in terms of gold”.

Devaluation is a deliberate downward adjustment of a country's currency value relative to another currency or standard. This means the currency is worth less compared to other currencies.

Similar Questions:

Out of the following Viceroys of India in whose time, Indian Penal Code, Civil Procedure Code and Criminal Procedure Code were passed?
  1. Lord Canning
  2. Lord Mayo
  3. Lord Lytton
  4. Lord Dufferin
Korba in Madhya Pradesh is known for:
  1. Aluminium industry
  2. Copper
  3. Mica
  4. Steel
Since the advent of Planning era in India, the share of agriculture sector in GDP has:
  1. continued to decline
  2. continued to rise
  3. first increased and the declined
  4. first declined and them increased
The Bank rate is the rate at which:
  1. a bank lends to the public
  2. the RBI lends to the public
  3. the RBI gives credit to the commercial banks
  4. the Government of India lends to other countries.
It is difficult to walk on ice than on road because:
  1. Ice is harder than road
  2. Road is harder than ice
  3. Ice does not offer any reaction when we push it with our foot
  4. Ice has a lesser friction than road
The remark "Nehru is a patriot, while Jinnah is a politician" was made by:
  1. M.K.Gandhi
  2. Maulana Azad
  3. Sir Mohammad Iqbal
  4. Khan Abdul Gaffar Khan
With reference to the Corporate Social Responsibility (CSR), which of the statements is/are correct?

1. Companies Act 2014, introduces mandatory CSR.
2. Companies covered under this will have to spend at least one percent of their annual net-profit in the activities under CSR.

Select the correct answer using the codes given below:
  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2
Indian economy is characterised as:
  1. Backward Economy
  2. Developed Economy
  3. Developing Economy
  4. Underdeveloped Economy
Two Home Rule Leagues were started in 1915-16 under the leadership of:
  1. Tilak and Annie Besant
  2. Tilak and Aurobindo Ghosh
  3. Tilak and Lala Lajpat Rai
  4. Tilak and Vipin Chandra Pal
Direct Tax Code in India is related to which of the following?
  1. Sales Tax
  2. Income Tax
  3. Excise Tax
  4. Service Tax
The formula for transfer of sovereignty to India in 1947 was known as:
  1. Durand Plan
  2. Morely-Minto Reforms
  3. Mountbatten Plan
  4. Wavell Plan
Which one of the following is not a measure of reducing inequalities?
  1. Minimum-Needs Programme
  2. Liberalization of economy
  3. Taxation
  4. Land Reforms