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Modern History › British PoliciesXEconomic

Modern History › British PoliciesXEconomic

The artificially fixed rupee-sterling exchange rate prescribed by the Hilton-Young Commission (1926) was adopted by the British Government for which one of the following reasons?

Options

(a)

Aiding the flow of remittances from India and maintaining India’s creditworthiness

(b)

Providing support to Indian importers

(c)

Encouraging export of cotton produce from India

(d)

Preventing depreciation of the Rupee in terms of gold

Answer

(a) Aiding the flow of remittances from India and maintaining India's creditworthiness