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Foreign Exchange Rate · Question 27 of 50

Question 27

MediumOriginal question

An Indian exporter sells software worth 10 lakh dollars. If the rupee depreciates from ₹80 to ₹84 per dollar before payment, the exporter's rupee earnings

Options for question 27

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. At ₹80: 10 lakh × 80 = ₹8 crore. At ₹84: 10 lakh × 84 = ₹8.4 crore.

  2. Rise = ₹40 lakh: depreciation helps exporters.

Concept
Depreciation and exporters
Typical time
70 s
Your time
—
The rule this testsThe flexible rate: depreciation and appreciation
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Ten questions from Foreign Exchange Rate, at your own pace.

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Ten questions from Foreign Exchange Rate, at your own pace.

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