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UPSC CDS 2 2023 GK Paper

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Question : 32

Total: 120

Which of the following is / are the effects of devaluation or depreciation of currency?
1. It leads to increase in imports and decrease in exports.
2. It leads to increase in exports and decrease in imports.
3. It leads to increase in domestic inflation.
4. It leads to decrease in domestic inflation.

Select the correct answer using the code given below:

1 and 3 only
1 and 4 only
2 and 3 only
3 only

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