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In case of Fixed Exchange Rate regime, adjustment in Balance of Payments takes place through (a) Changes in price level (b) Changes in exchange rate (c) Changes in interest rate (d) None of the above
answer given is a ...
can anyone please tell me how ??
As bop is the true mirror of the ppp.........i can make u understand better by an example.....suppose apple is 70/kg....nd fixed exchng rate in international market is also Rs 70/$....u hv to spent 1$ for 1kg of apple.....now as the answer given price level chng nd apple reached 140/kg....now as rate is fixed its not corresponding to ppp u hv to spent 2$.......ur bop decreases......i hope u get my point All the best sry if smthing wrong as am also an aspirant like u
Hi i had enrolled to insight IAS academy (Baliyan sir) Mains test series it has 12 test left which i am willing to sell, i am not active on ForumIAS so Interested people can email me at abansal.post@gmail.com or can ping me at 8085494534. Please do not message me on forumias.
Hi i had enrolled to insight IAS academy (Baliyan sir) Mains test series it has 12 test left which i am willing to sell, i am not active on ForumIAS so Interested people can email me at abansal.post@gmail.com or can ping me at 8085494534. Please do not message me on forumias.
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Comments
All the best sry if smthing wrong as am also an aspirant like u
Answer key with detailed explanation
Answer key with detailed explanation
2017-18 or 2018-19 ??
for UPSC CSE 2019