B.P.S.C. CDPO (Pre) 2018
Which of the following exchange rate systems is followed in India?
aFixed exchange rate with gold standard
bFixed but adjustable exchange rate
cManaged/Dirt float✓ Correct
dFree float
eNone of the above/More than one of the above
Explanation
Since 1992–93, India has been following a managed floating exchange rate system, which is a combination of both free floating and a fully managed exchange rate system.
economic-social-development