Economic Awareness - Sectors of Indian Economy
Which exchange rate system best describes the Indian rupee's regime as of January 2026?
Which exchange rate system best describes the Indian rupee's regime as of January 2026?
hard Q10 of 15
Step-by-Step Solution
Step 1: Recall India's exchange rate regime
India follows a managed float system where the rupee value is mostly market-determined but the RBI intervenes occasionally.Step 2: Analyze options
Fixed exchange rate and currency board system do not apply to India. Pure floating means no intervention, which is not the case. Managed float correctly describes India's regime.Final Answer:
Managed Float Exchange Rate → Option CQuick Check:
India's exchange rate regime = managed float with RBI intervention ✅
Quick Trick: India uses managed float with RBI intervention.
Common Mistakes:
MISTAKES- Mistaking India's regime for pure floating or fixed peg.
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