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For international payments, the Indian currency is linked to

  1. A
    American Dollar
  2. B
    British Sterling
  3. C
    Gold standard
  4. D
    None of the above

Solution & Step-by-step Explanation

India utilizes a managed floating exchange rate system where the value of the Indian Rupee is determined by market forces of supply and demand in the foreign exchange market. It is not officially or legally pegged or linked to a single foreign currency or a gold standard for international payments.

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For international payments, the Indian currency is linked to
A
American Dollar
B
British Sterling
C
Gold standard
D
None of the above

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