HomeTestsSearchRankProfile
mediumMCQCompetitive Exam2026Indian Economy
1 mark

The competitive devaluation by the countries would badly affect which among the following?

  1. A
    Exporters
  2. B
    Importers
  3. C
    Traders
  4. D
    Service providers

Solution & Step-by-step Explanation

Competitive devaluation occurs when countries intentionally weaken their domestic currencies to make their exports cheaper and more competitive abroad. However, this depreciation fundamentally spikes the domestic cost of foreign goods, severely and badly impacting domestic importers who must spend more local currency to purchase the same volume of foreign goods.

Practice this question

Try it yourself before checking the explanation above.

The competitive devaluation by the countries would badly affect which among the following?
A
Exporters
B
Importers
C
Traders
D
Service providers

Share This Question

Related Questions

Ready for a Full Test?

Practice with timed mock tests and track your performance across Indian Economy.

Discussion