Economic Awareness - Sectors of Indian Economy
When the Indian Rupee depreciates, what is the likely effect on the cost of foreign travel for Indian residents?
When the Indian Rupee depreciates, what is the likely effect on the cost of foreign travel for Indian residents?
easy Q3 of 15
Step-by-Step Solution
Step 1: Understand depreciation impact
Depreciation means the Rupee weakens against foreign currencies.Step 2: Effect on foreign travel cost
Weaker Rupee means more Rupees are needed to buy foreign currency, making foreign travel costlier.Final Answer:
Foreign travel becomes more expensive → Option DQuick Check:
Currency depreciation = expensive foreign travel ✅
Quick Trick: Weaker Rupee increases foreign travel cost.
Common Mistakes:
MISTAKES- Assuming depreciation makes foreign travel cheaper.
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