Question

Fixed Foreign Exchange Rate can be changed by -; 1) RBI; 2) SEBI; 3) Ministry of Finance; 4) FIPB

Answer 1

RBI is the correct answer.

Answer 2

The correct answer of this question is option 1,RBI (Reserved Bank of India).

There are many currencies in the world according to the country wise divisions.

And the value of these currencies are not equal.Similarly INR is our national currency,and the comparative value of INR with the other country's currencies like Dollar,Dhiram etc., is known as the foreign exchange rate.

And this exchange rate is mainly decided by the Inidan government itself or the RBI.

That's why option 1 is the code answer of this question.