Q76
According to classification by IMF, the currency system of India falls under
A.
managed floating
AnswerB.
independently floating
C.
crawling peg
D.
pegged to basket of currencies
Answer: Option A
Solution
Answer: Option A
Solution:
According to classification by IMF, the currency system of India falls under managed floating. Managed float regime is the current international financial environment in which exchange rates fluctuate from day to day, but central banks attempt to influence their countries' exchange rates by buying and selling currencies to maintain a certain range.