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WBCS Main Examination 2023 — Paper V: Indian Constitution and Economy · Question 117 of 200

Q117
Indian EconomyExternal Sector & International Organisations
Rupee has been devalued twice in
  1. a.1965 and 1996
  2. b.1966 and 1991
  3. c.1968 and 1991
  4. d.1966 and 1993

Answer: (B) 1966 and 1991

The rupee was devalued in June 1966 (by about 57%) and again in July 1991 during the balance-of-payments crisis. In 1993 the rupee moved to a market-determined exchange rate, which was not a devaluation; 1965, 1968 and 1996 saw no devaluation.

Q116 Whole paperQ118