Question

between 1947 and 1971 india followed which system?​

Answer 1

Answer:

The Partition of India took place on 15 August 1947, leading to the creation of Pakistan (which later split into the Islamic Republic of Pakistan and the People's Republic of Bangladesh in 1971) and India (later the Republic of India).

Answer 2

Complete question:

Between 1947 and 1971 India followed which system of the exchange rate?

Par Value System of the exchange rate had been followed between 1947 and 1971.

Par Value System of the exchange rate:

• Bretton Woods System followed the Par Value System.
• It is known as International Monetary Practices.
• International Monetary Practices of the member countries in order to fix the value of the currencies.

More information:

• This system managed the flexibility of exchange rates.
• It regulates purchasing power of the value of two currencies.

#SP3